15, BANNER WAY, STONE CROSS, PEVENSEY, BN24 5FE - £325,000

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

15 BANNER WAY is a very small extended detached house of 88m², built sometime between 1991 and 1995. It was last sold for £325,000 in October 2017, which was around 33% below the average October 2017 detached price in the Wealden local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

15 BANNER WAY Sold Prices

Land registry data shows three sales for 15 BANNER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the three 15 BANNER 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 19 OCT	£325,000	£481,910	33% below HPI
1998 8 MAY	£89,500	£140,064	36% below HPI
1996 15 MAR	£83,000	£107,059	22% below HPI

15 BANNER WAY 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 three 15 BANNER WAY sales between March 1996 and October 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 1998 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2017 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 15 BANNER WAY?

15 BANNER WAY is 88m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% 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 15 BANNER WAY lies on this distribution: 16% of detached houses are smaller than 15 BANNER WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

15 BANNER WAY: Plot and Title Map

15 BANNER WAY sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 15 BANNER 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 15 BANNER 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 15 BANNER WAY?

15 BANNER WAY is located in STONE CROSS, in the BN24 postcode district. The below map shows the position of No. 15 on BANNER WAY.