12, MEDWAY LANE, STONE CROSS, PEVENSEY, BN24 5PH - £295,000

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 MEDWAY LANE is a midsized detached house of 111m², built sometime between 1996 and 2002. It was last sold for £295,000 in July 2013, which was around 18% below the average July 2013 detached price in the Wealden local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

12 MEDWAY LANE Sold Prices

Land registry data shows two sales for 12 MEDWAY LANE 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 12 MEDWAY LANE 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
2013 3 JUL	£295,000	£359,023	18% below HPI
1996 5 SEP	£102,500	£113,219	9% below HPI

12 MEDWAY LANE 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 12 MEDWAY LANE sales from September 1996 and July 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 September 1996 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2013 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 12 MEDWAY LANE?

12 MEDWAY LANE is 111m² according to the EPC inspection conducted in March 2013. This puts it in the largest 50% of detached houses in Stone Cross, based on EPC data. The below chart shows the distribution of detached houses by size in Stone Cross, and where 12 MEDWAY LANE lies on this distribution: 52% of detached houses are smaller than 12 MEDWAY LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

12 MEDWAY LANE: Plot and Title Map

12 MEDWAY LANE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 12 MEDWAY LANE, 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 MEDWAY LANE). 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 MEDWAY LANE?

12 MEDWAY LANE is located in STONE CROSS, in the BN24 postcode district. The below map shows the position of No. 12 on MEDWAY LANE.