The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH

Detached
3
1184 sq ft
26%
PROPERTY VALUATION
£
Last sold: December 2016
INVESTMENT PERFORMANCE
Investment return: 5.7% per year throughout 2005 - 2016
PRICE CHANGE
£218,000
Percentage change: +26%
REFINE VALUATION

Property summary Last updated: 03/05/2024

Last updated: 03/05/2024

The Studio, Itchenor Road is a 3 bedroom detached house spread over 1,184 square feet, making it one of the smaller properties here - it is ranked as the 13th most expensive property* in PO20 7DH, with a valuation of £1,058,000.

Since it last sold in December 2016 for £840,000, its value has increased by £218,000.

House floorplan
Detached houses across PO20 7 have been selling for £548 per square foot.

We expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot; it is currently valued at £893 per square foot.

  • The latest sale in PO20 7DH went for £2.5M on 01 Nov 2023.
  • The average current property value here is £1,272,000.
  • 10 properties have sold in PO20 7DH over the last 5 years.
  • 10 detached houses have sold at an average price of £1,253,000 in PO20 7 over the last 12 months.
Recent sales
Searching for recent sales near here

Expected property condition

At a sale price of £1.06M, we expect this property to be in a substantially better condition than the neighbouring properties in the road.

As it has a higher cost per square foot than the other properties in the road, we think it is more likely to be in good condition.

This can be caused by it having recently been refurbished to a high standard although it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.

The Property Is In Good Condition

At a valuation of £1.06M this property has a cost per square foot of £893 - this is substantially more than the average for the area (which is currently £666).

If we valued this property using the average cost per square foot (CPSF):

  • Using the average CPSF for properties just in the postcode - it would be worth £688k.
  • Using the average CPSF for the whole road - it would be worth £789k.

The local market - Itchenor Road, PO20 7DH

  • The average property value here is £1,272,000.
    • Valuations range from £849,000 to £2,479,000.
  • Itchenor Road has 7 postcodes associated with it.
    • The average price of property in Itchenor Road is £1,278,346.
    • Property in Itchenor Road typically sells for between £566 and £766 per square foot.
    • Properties in Itchenor Road are currently valued at an average cost per square foot of £666.
26%
This property has increased in price by 26% since it last sold 7 years ago.
17%
This property is 17% less expensive than average in Itchenor Road, PO20 7DH.

Sale history

The most paid for a property in Itchenor Road, PO20 7DH was £2,500,000 in 2023.

Date Price Change
Today's value* £1,058,000 26.0%
16 Dec 2016 £840,000 92.7%
21 Mar 2005 £436,000 -
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH
The Studio, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH

Valuation details

The Studio, Itchenor Road, Itchenor has increased in price by £218,000 since it last sold in 2016 - this equates to a 3.2% rise each year.

At its last energy performance certificate inspection, it got a similar rating to other properties in this postcode with a score of 63 out of 100.

On a cost per square foot basis, this property is valued at 54% more than the other houses in this postcode.

Essential info

  • 3 bedroom freehold detached house
  • 1,184 square feet
  • 51% smaller than the average property in this postcode
  • 17% less expensive than the average here

This property is currently valued at £893 per square foot - the average cost per square foot for this postcode is £581.

A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (for more information see our valuation review) of this property.

If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £1,459,000.

Essential buying details

  • Built between 1983 and 1990, the property has sold twice over the last 29 years.

  • If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £1.02M and £1.1M.

  • The property turned out to be a good investment for the previous owner - returning on average 5.7% per annum.

Investment Performance
Annual change: 5.7%

The previous owner had the property for 11 years, having purchased it in March 2005 for £436,000.

During this time, the price rose by £404,000 (92.7%), which equates to it increasing in value by 5.7% each year.

The property turned out to be a good investment for the previous owner.

PropertyValuation
Badger Barn, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH Badger Barn, Itchenor Road
4 bed | 1270 sq. ft.
£849,000
Spinney Barn, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH Spinney Barn, Itchenor Road
3 bed | 1044 sq. ft.
£904,000
West Winds, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH West Winds, Itchenor Road
3 bed | 3046 sq. ft.
£926,000
Limpet, Itchenor Road
1571 sq.ft.
£1,051,000
Pucks Cottage, Itchenor Road
2390 sq.ft.
£1,064,000
Pucks Acre, Itchenor Road
2766 sq.ft.
£1,096,000
Goose Barn, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH Goose Barn, Itchenor Road
5 bed | 2379 sq. ft.
£1,163,000
Rowan Cottage, Itchenor Road
£1,475,000
Briarsway, Itchenor Road
3046 sq.ft.
£1,498,000
Old House Farm, Itchenor Road, Itchenor, Chichester, West Sussex, PO20 7DH Old House Farm, Itchenor Road
6 bed | 4123 sq. ft.
£2,479,000
OFFERS EXPECTED TO BE IN THE REGION OF:
£1.02M - £1.1M

Most likely sale price: £1.06M

Tell us about the condition of the property to get a more accurate valuation.

Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.

The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.

In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.

If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.

A number of things can make a property more desirable and sell for more money per square foot than others in the area.

Some of the things that can cause a property to be worth more per square foot include:

  • Good school catchment area
  • Good transport links
  • Bigger garden
  • Offstreet parking and garages
  • High quality architectural designs (a.k.a pretty houses!)
  • Good quality home improvements

We use multiple data sources to provide reliable property information to you.

Some of the data sources we use are:

  • HM Land Registry
  • Ordnance Survey
  • Department for Levelling Up, Housing & Communities
  • Royal Mail
  • Estate agents
  • Property listings

* Excluding properties that we've been unable to calculate a valuation for.

** Excludes property transactions that occurred before 1995.

Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.

Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.

The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.