1, THE CLOSE, EASTBOURNE, BN22 0LJ - £475,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE CLOSE is a very large extended detached house of 195m², built sometime between 1983 and 1990, which could now be worth an estimated £750,997. It was last sold for £475,000 in November 2013, which was around 22% above the average November 2013 detached price in the Wealden local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

1 THE CLOSE Sold Prices

Land registry data shows two sales for 1 THE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Both of the two 1 THE CLOSE sales were for above 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
2013 28 NOV	£475,000	£388,051	22% above HPI
2007 6 MAR	£455,000	£359,734	26% above HPI

1 THE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The two 1 THE CLOSE sales from March 2007 and November 2013 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 March 2007 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2013 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 1 THE CLOSE be worth now?

1 THE CLOSE might now be worth an estimated £750,997.

This is based on house price inflation of 58.1%, between November 2013 and December 2024, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.1% inflationary increase is applied to the most recent sale price for 1 THE CLOSE of £475,000 on 28th November 2013. For the value to have increased from £475,000 to £750,997 over the ten years and eleven months to December 2024, the following assumptions must hold true:

• The value of 1 THE CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The November 2013 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CLOSE has not materially changed since November 2013.

How Large is 1 THE CLOSE?

1 THE CLOSE is 195m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 10% of detached houses houses in Eastbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastbourne, and where 1 THE CLOSE lies on this distribution: 91% of detached houses houses are smaller than 1 THE CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Eastbourne.

1 THE CLOSE: Plot and Title Map

1 THE CLOSE sits on a plot of roughly 0.224 of an acre, or 906m². The below map shows the location of 1 THE 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 THE 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 THE CLOSE?

1 THE CLOSE is located in EASTBOURNE, in the BN22 postcode district. The below map shows the position of No. 1 on THE CLOSE.