Housing Market Analysis for NEW COTTAGES, GU31 5LY

Are you looking to understand GU31 5LY 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 5LY area, explore the GU31 5LY Area information page.
For comprehensive crime statistics in the GU31 5LY area, explore the GU31 5LY Crime Rates page.

Overview of Sold House prices

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

  • Detached
    • The average price is around £684,714 median price is £675,000 Standard Deviation is £339,870 with Total Sold: 7
    • The Last 5 Year average price is £855,000 with Total Sold: 1
    • The most recent sale happened at this postcode is HAMESFORD HOUSE: £855,000 (Sold on 30 Sep 2021)
    • The first recorded sale happened at this postcode is SPINDLES: £138,000 (Sold on 08 Sep 1997)
  • Other
    • The average price is around £1,240,000 median price is £1,240,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £1,240,000 with Total Sold: 1
    • The most recent sale happened at this postcode is MARDEN MEADOW: £1,240,000 (Sold on 15 Dec 2020)
    • The first recorded sale happened at this postcode is MARDEN MEADOW: £1,240,000 (Sold on 15 Dec 2020)
  • Semi-Detached
    • The average price is around £114,000 median price is £114,000 Standard Deviation is £51,000 with Total Sold: 2
    • The most recent sale happened at this postcode is 1 NEW COTTAGES: £165,000 (Sold on 06 Jun 2001)
    • The first recorded sale happened at this postcode is 2 NEW COTTAGES: £63,000 (Sold on 21 May 1997)

Sold Price Trend Over the Years:

Below table and chart gives the average GU31 5LY 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: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£855,000 £4,672 1
2017£680,000 £5,327 1
2014£955,000 £3,248 2
2008£675,000 £3,689 1
2007£535,000 £2,524 1
1997£138,000 £1,081 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£1,240,000 £5,849 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2001£165,000 £2,500 1
1997£63,000 £940 1

All the Sales in the NEW COTTAGES, GU31 5LY

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

AddressSold DatePrice% Change
HAMESFORD HOUSEDetached, FreeholdArea: 183 Sq.mtrAge: before 190030 Sep 2021£855,00026.67%
15 Aug 2008£675,000First Sale
MARDEN MEADOWOther, FreeholdArea: 212 Sq.mtrAge: 1976-198215 Dec 2020£1,240,000131.78%
09 May 2007£535,000First Sale
SPINDLESDetached, FreeholdArea: 127.64 Sq.mtrAge: 1950-196620 Mar 2017£680,000392.75%
08 Sep 1997£138,000First Sale
CHALTON COTTAGEDetached, FreeholdArea: 294 Sq.mtrAge: INVALID!05 Dec 2014£1,350,000141.07%
14 Jan 2014£560,000First Sale
1 NEW COTTAGESSemi-Detached, FreeholdArea: 66 Sq.mtrAge: 1950-196606 Jun 2001£165,000First Sale
2 NEW COTTAGESSemi-Detached, FreeholdArea: 67 Sq.mtrAge: 1900-192921 May 1997£63,000First Sale

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

NEW COTTAGES, GU31 5LY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the GU31 5LY 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 5LY postcode.

  • Detached
    • The average price is around £836,726 median price is £675,000 Standard Deviation is £644,043 with Total Sold: 42
    • The Last 5 Year average price is £1,777,125 with Total Sold: 8
    • The most recent sale happened at this postcode is , PLUMTREE COTTAGE : £1,100,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , ST STEPHENS COTTAGE : £185,000 (Sold on 17 Nov 1995)
  • Other
    • The average price is around £759,250 median price is £800,000 Standard Deviation is £397,041 with Total Sold: 4
    • The Last 5 Year average price is £718,500 with Total Sold: 2
    • The most recent sale happened at this postcode is , MARDEN MEADOW : £1,240,000 (Sold on 15 Dec 2020)
    • The first recorded sale happened at this postcode is , 2 ST RICHARDS COTTAGES: £600,000 (Sold on 13 Nov 2013)
  • Terraced
    • The average price is around £223,864 median price is £238,000 Standard Deviation is £88,934 with Total Sold: 11
    • The Last 5 Year average price is £395,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , 3 SLATE COTTAGES: £395,000 (Sold on 28 May 2019)
    • The first recorded sale happened at this postcode is , 4 SLATE COTTAGES: £130,000 (Sold on 01 Oct 1998)
  • Semi-Detached
    • The average price is around £209,333 median price is £165,000 Standard Deviation is £141,106 with Total Sold: 3
    • The most recent sale happened at this postcode is , ALTA COTTAGE : £400,000 (Sold on 20 May 2011)
    • The first recorded sale happened at this postcode is , 2 NEW COTTAGES: £63,000 (Sold on 21 May 1997)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£1,100,0001
2022£1,850,000 £7,613 1
2021£1,332,500 £6,107 2
2020£1,771,000 £7,134 2
2019£2,530,000 £5,220 2
2018£910,0001
2017£858,333 £5,971 3
2015£1,140,000 £4,130 1
2014£955,000 £3,248 2
2013£347,500 £2,617 2
2011£675,000 £2,723 1
2010£840,000 £5,285 1
2008£675,000 £3,689 1
2007£535,000 £2,524 1
2006£936,000 £3,733 4
2004£730,000 £3,318 1
2002£651,833 £3,307 3
2001£560,000 £2,627 3
2000£385,0001
1999£358,333 £1,246 3
1998£68,0001
1997£287,000 £1,281 4
1995£185,0001
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£1,240,000 £5,849 1
2019£197,000 £2,074 1
2018£1,000,000 £12,500 1
2013£600,000 £7,595 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£395,000 £5,077 1
2016£297,500 £4,752 1
2010£247,500 £3,954 1
2007£289,500 £3,721 1
2006£238,000 £3,802 1
2004£250,000 £3,213 1
2003£235,000 £3,021 1
2001£180,000 £2,314 1
2000£150,000 £2,396 1
1999£50,000 £643 1
1998£130,000 £2,077 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2011£400,0001
2001£165,000 £2,500 1
1997£63,000 £940 1

House Type in GU31 5LY area

The most common house types in the GU31 5LY postcode area are Detached (91), Semi-detached (38), and Terraced (9).

Total144
Detached91
Semi-detached38
Terraced9
Shared house3
converted building2
commercial building1
Flat0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (64), and Owned: Owns with a mortgage or loan (38).

Owned: Owns outright64
Owned: Owns with a mortgage or loan38
Private rented: Private landlord or letting agency28
Private rented: Other private rented8
Social rented: Other social rented5
Shared ownership: Shared ownership1
Does not apply0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the GU31 5LY have 2 people in household (61), and 1 person in household (33).

2 people in household61
1 person in household33
3 people in household19
4 people in household16
5 people in household10
6 people in household2
7 people in household1
8 or more people in household1
0 people in household0