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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MILL CLOSE is a midsized extended detached house of 132m², built sometime between 1967 and 1975. It was last sold for £331,000 in October 2009, which was around 5% above 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. One of the three 1 MILL CLOSE sales was for above the average price, whilst two 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	£315,105	5% above HPI
2000 24 FEB	£155,000	£160,651	4% below HPI
1995 11 AUG	£82,000	£96,194	15% 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 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2009 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

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 in South Chailey, based on EPC data. The below chart shows the distribution of detached houses by size in South Chailey, and where 1 MILL CLOSE lies on this distribution: 52% of detached houses are smaller than 1 MILL CLOSE, and 47% 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 0.215 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.