16, OLD DRIVE, POLEGATE, BN26 5ET - £269,000

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

16 OLD DRIVE is a small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £269,000 in January 2011, which was around 22% below the average January 2011 detached price in the Wealden local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

16 OLD DRIVE Sold Prices

Land registry data shows two sales for 16 OLD DRIVE 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 16 OLD DRIVE 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
2011 7 JAN	£269,000	£345,144	22% below HPI
2009 26 JAN	£201,500	£339,333	41% below HPI

16 OLD DRIVE 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 16 OLD DRIVE sales from January 2009 and January 2011 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 January 2009 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2011 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 16 OLD DRIVE?

16 OLD DRIVE is 72m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 30% of detached houses in Polegate, based on EPC data. The below chart shows the distribution of detached houses by size in Polegate, and where 16 OLD DRIVE lies on this distribution: 26% of detached houses are smaller than 16 OLD DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Polegate.

16 OLD DRIVE: Plot and Title Map

16 OLD DRIVE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 16 OLD DRIVE, 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 16 OLD DRIVE). 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 16 OLD DRIVE?

16 OLD DRIVE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 16 on OLD DRIVE.