1, MILL CLOSE, SOUTH CHAILEY, LEWES, BN8 4QA - £331,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MILL CLOSE is a midsized extended detached house of 132m², built sometime between 1967 and 1975, which could now be worth an estimated £577,953. It was last sold for £331,000 in October 2009, which was around 1% below the average October 2009 detached price in the Lewes local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

1 MILL CLOSE Sold Prices

Land registry data shows three sales for 1 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. All of the three 1 MILL CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2009 1 OCT	£331,000	£334,211	1% below HPI
2000 24 FEB	£155,000	£170,392	9% below HPI
1995 11 AUG	£82,000	£102,027	20% below HPI

1 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The three 1 MILL CLOSE sales between August 1995 and October 2009 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2000 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2009 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 1 MILL CLOSE be worth now?

1 MILL CLOSE might now be worth an estimated £577,953.

This is based on house price inflation of 74.6%, between October 2009 and February 2025, for detached houses, in the Lewes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.6% inflationary increase is applied to the most recent sale price for 1 MILL CLOSE of £331,000 on 1st October 2009. For the value to have increased from £331,000 to £577,953 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 MILL CLOSE has moved in line with the HPI for detached houses in the Lewes local authority area.
• The October 2009 sale price of £331,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL CLOSE has not materially changed since October 2009.

How Large is 1 MILL CLOSE?

1 MILL CLOSE is 132m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the largest 50% of detached houses houses in South Chailey, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Chailey, and where 1 MILL CLOSE lies on this distribution: 51% of detached houses houses are smaller than 1 MILL CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in South Chailey.

1 MILL CLOSE: Plot and Title Map

1 MILL CLOSE sits on a plot of roughly 0.214 of an acre, or 868m². The below map shows the location of 1 MILL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MILL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MILL CLOSE?

1 MILL CLOSE is located in SOUTH CHAILEY, in the BN8 postcode district. The below map shows the position of No. 1 on MILL CLOSE.