Housing Market Analysis for NEW LANE, GU31 5LW

Are you looking to understand GU31 5LW house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Chichester postcode.

For the location information and nearby amenities in the GU31 5LW area, explore the GU31 5LW Area information page.
For comprehensive crime statistics in the GU31 5LW area, explore the GU31 5LW Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the GU31 5LW postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £217,250 median price is £158,500 Standard Deviation is £166,074 with Total Sold: 4
    • The most recent sale happened at this postcode is 2 NEW LANE: £480,000 (Sold on 20 Feb 2008)
    • The first recorded sale happened at this postcode is 4 NEW LANE: £72,000 (Sold on 24 Nov 1997)
  • Detached
    • The average price is around £88,000 median price is £88,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 5 NEW LANE: £88,000 (Sold on 30 Sep 2005)
    • The first recorded sale happened at this postcode is 5 NEW LANE: £88,000 (Sold on 30 Sep 2005)

Sold Price Trend Over the Years:

Below table and chart gives the average GU31 5LW house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2008£480,0001
1999£240,0001
1997£74,500 £905 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2005£88,000 £484 1

All the Sales in the NEW LANE, GU31 5LW

See the table below for more details on the sold house prices in the GU31 5LW, Chichester postcode.

AddressSold DatePrice% Change
2 NEW LANESemi-Detached, Freehold20 Feb 2008£480,000100.00%
03 Dec 1999£240,000First Sale
5 NEW LANEDetached, FreeholdArea: 182 Sq.mtrAge: 2007 onwards30 Sep 2005£88,000First Sale
1 NEW LANESemi-Detached, FreeholdArea: 88 Sq.mtrAge: 1950-196624 Nov 1997£77,000First Sale
4 NEW LANESemi-Detached, FreeholdArea: 77 Sq.mtrAge: 1950-196624 Nov 1997£72,000First Sale

Check out the sold house prices near the GU31 5LW postcode. Properties currently for saleProperties currently for rent

NEW LANE, GU31 5LW Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the GU31 5LW postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the GU31 5LW postcode.

  • Semi-Detached
    • The average price is around £304,664 median price is £270,000 Standard Deviation is £198,881 with Total Sold: 85
    • The Last 5 Year average price is £507,692 with Total Sold: 13
    • The most recent sale happened at this postcode is , 20 SOUTH ACRE: £490,000 (Sold on 20 Aug 2024)
    • The first recorded sale happened at this postcode is , 22 SOUTH ACRE: £85,000 (Sold on 10 Nov 1995)
  • Terraced
    • The average price is around £289,220 median price is £259,750 Standard Deviation is £151,271 with Total Sold: 94
    • The Last 5 Year average price is £467,700 with Total Sold: 15
    • The most recent sale happened at this postcode is , 2 PEASE CROFT: £365,000 (Sold on 12 Aug 2024)
    • The first recorded sale happened at this postcode is , 5 THE STREET: £105,500 (Sold on 30 Nov 1995)
  • Other
    • The average price is around £817,667 median price is £765,000 Standard Deviation is £238,346 with Total Sold: 6
    • The Last 5 Year average price is £908,333 with Total Sold: 3
    • The most recent sale happened at this postcode is , HARTING HOUSE ELSTED ROAD: £1,335,000 (Sold on 26 Jan 2024)
    • The first recorded sale happened at this postcode is , PORT COTTAGE NORTH LANE: £651,000 (Sold on 24 Nov 2016)
  • Detached
    • The average price is around £443,070 median price is £370,000 Standard Deviation is £323,995 with Total Sold: 102
    • The Last 5 Year average price is £773,182 with Total Sold: 11
    • The most recent sale happened at this postcode is , 4 THE HOP GARDEN: £495,000 (Sold on 15 Sep 2023)
    • The first recorded sale happened at this postcode is 2, THE OLD SCHOOL HOUSE THE STREET: £126,000 (Sold on 03 Mar 1995)
  • Flat
    • The average price is around £208,667 median price is £200,000 Standard Deviation is £66,646 with Total Sold: 9
    • The Last 5 Year average price is £200,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , 34 WARREN SIDE: £200,000 (Sold on 22 Aug 2022)
    • The first recorded sale happened at this postcode is , 5 THE SQUARE: £170,000 (Sold on 18 Jan 2002)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£645,0002
2023£403,750 £3,839 4
2022£642,500 £4,381 2
2021£566,667 £5,115 3
2020£355,000 £3,455 2
2019£455,000 £3,205 3
2017£426,000 £4,226 5
2016£518,750 £3,399 4
2015£377,500 £3,487 4
2014£307,000 £3,198 4
2013£301,667 £3,440 3
2012£385,000 £3,889 2
2011£360,833 £3,123 3
2009£175,000 £2,500 1
2008£391,875 £3,012 4
2007£238,333 £3,151 3
2006£242,143 £2,399 7
2005£332,500 £3,038 2
2004£186,000 £2,514 1
2003£184,317 £2,309 3
2002£139,375 £2,237 4
2001£114,655 £1,275 4
2000£120,000 £1,875 1
1999£163,500 £1,225 2
1998£139,500 £1,392 2
1997£95,550 £1,067 8
1996£83,0001
1995£85,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£457,5002
2023£560,375 £4,679 4
2022£592,500 £5,818 2
2021£406,800 £3,804 5
2020£320,000 £4,572 2
2019£357,458 £4,555 6
2018£342,250 £4,072 6
2017£327,357 £3,812 7
2016£426,833 £4,460 6
2015£302,875 £3,589 4
2014£249,900 £3,022 5
2013£282,667 £3,396 3
2012£330,000 £3,300 1
2011£362,500 £3,385 2
2010£226,250 £2,494 2
2009£252,500 £2,738 4
2007£245,000 £4,048 1
2006£258,333 £2,885 3
2005£224,0003
2004£112,0001
2003£211,500 £2,441 3
2002£129,975 £1,689 2
2001£189,000 £2,012 5
2000£95,500 £1,209 1
1999£133,005 £1,367 5
1998£119,2504
1997£76,250 £855 2
1996£95,000 £669 1
1995£82,7502
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£1,335,0001
2022£625,000 £11,364 1
2021£765,000 £6,510 1
2017£765,0002
2016£651,000 £4,173 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£697,500 £4,533 2
2022£822,500 £6,074 2
2021£777,000 £5,624 5
2020£790,000 £4,033 2
2019£611,667 £3,274 3
2018£375,000 £3,749 5
2017£585,000 £4,442 4
2015£647,500 £4,432 2
2014£758,526 £4,334 5
2013£563,750 £2,786 2
2012£490,000 £1,892 1
2011£913,333 £3,756 3
2010£499,600 £3,071 5
2009£694,700 £2,706 2
2008£242,000 £2,547 1
2007£506,250 £3,748 4
2006£686,667 £4,774 3
2005£184,000 £1,249 2
2004£491,000 £2,946 4
2003£584,250 £4,196 4
2002£243,250 £2,065 4
2001£547,500 £1,977 2
2000£224,500 £1,779 2
1999£226,478 £1,416 14
1998£163,700 £1,671 5
1997£113,033 £1,042 7
1996£165,544 £1,202 4
1995£116,667 £1,027 3
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£200,000 £2,410 1
2019£215,000 £2,688 1
2017£315,000 £3,012 1
2016£182,500 £2,281 1
2008£133,000 £1,662 1
2007£285,000 £2,725 1
2006£272,500 £2,606 1
2002£137,500 £1,469 2

House Type in GU31 5LW area

The most common house types in the GU31 5LW postcode area are Detached (56), Semi-detached (48), and Terraced (19).

Total128
Detached56
Semi-detached48
Terraced19
Flat5
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (76), and Owned: Owns with a mortgage or loan (34).

Owned: Owns outright76
Owned: Owns with a mortgage or loan34
Private rented: Private landlord or letting agency12
Social rented: Other social rented4
Private rented: Other private rented2
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the GU31 5LW have 1 person in household (47), and 2 people in household (45).

1 person in household47
2 people in household45
4 people in household18
3 people in household16
5 people in household2
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0