12, GRESHAM WAY, ST LEONARDS-ON-SEA, TN38 0UE - £255,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 GRESHAM WAY is a midsized extended detached house of 112m², built sometime between 1950 and 1966. It was last sold for £255,000 in June 2017, which was around 29% below the average June 2017 detached price in the Hastings local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was D.

12 GRESHAM WAY Sold Prices

Land registry data shows two sales for 12 GRESHAM WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hastings local authority area for the corresponding sale date. Both of the two 12 GRESHAM WAY 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
2017 9 JUN	£255,000	£361,137	29% below HPI
1999 21 MAY	£89,950	£92,127	2% below HPI

12 GRESHAM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hastings local authority area over time, sourced from the HPI. The two 12 GRESHAM WAY sales from May 1999 and June 2017 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 May 1999 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2017 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 12 GRESHAM WAY?

12 GRESHAM WAY is 112m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Hastings, based on EPC data. The below chart shows the distribution of detached houses by size in Hastings, and where 12 GRESHAM WAY lies on this distribution: 52% of detached houses are smaller than 12 GRESHAM WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Hastings.

12 GRESHAM WAY: Plot and Title Map

12 GRESHAM WAY sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of 12 GRESHAM WAY, 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 12 GRESHAM WAY). 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 12 GRESHAM WAY?

12 GRESHAM WAY is located in ST. LEONARDS-ON-SEA, in the TN38 postcode district. The below map shows the position of No. 12 on GRESHAM WAY.