15, REEF WAY, HAILSHAM, BN27 1FB - £395,000

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

15 REEF WAY is a large detached house of 134m², which could now be worth an estimated £449,996. It was last sold for £395,000 in May 2021, which was around 26% below the average May 2021 detached price in the Wealden local authority area. The most recent EPC inspection was April 2011, where the current energy rating was B, and the potential energy rating was B.

15 REEF WAY Sold Prices

Land registry data shows two sales for 15 REEF 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 Wealden local authority area for the corresponding sale date. Both of the two 15 REEF 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
2021 24 MAY	£395,000	£530,864	26% below HPI
2013 28 OCT	£299,950	£388,814	23% below HPI

15 REEF 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 two 15 REEF WAY sales from October 2013 and May 2021 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 October 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 15 REEF WAY be worth now?

15 REEF WAY might now be worth an estimated £449,996.

This is based on house price inflation of 13.9%, between May 2021 and February 2025, 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 13.9% inflationary increase is applied to the most recent sale price for 15 REEF WAY of £395,000 on 24th May 2021. For the value to have increased from £395,000 to £449,996 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 15 REEF WAY has moved in line with the HPI for detached houses in the Wealden local authority area.
• The May 2021 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 15 REEF WAY has not materially changed since May 2021.

How Large is 15 REEF WAY?

15 REEF WAY is 134m² according to the EPC inspection conducted in April 2011. This puts it in the largest 30% of detached houses houses in Hailsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hailsham, and where 15 REEF WAY lies on this distribution: 77% of detached houses houses are smaller than 15 REEF WAY, and 22% of houses are larger. Note that EPC data is not available for all properties in Hailsham.

15 REEF WAY: Plot and Title Map

15 REEF WAY sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 15 REEF 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 REEF 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 REEF WAY?

15 REEF WAY is located in HAILSHAM, in the BN27 postcode district. The below map shows the position of No. 15 on REEF WAY.