2, BANNER WAY, STONE CROSS, PEVENSEY, BN24 5FE - £292,000

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

2 BANNER WAY is a very small extended detached house of 88m², built sometime between 1991 and 1995. It was last sold for £292,000 in July 2016, which was around 36% below the average July 2016 detached price in the Wealden local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

2 BANNER WAY Sold Prices

Land registry data shows three sales for 2 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 2 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
2016 15 JUL	£292,000	£456,038	36% below HPI
2003 3 JUN	£208,500	£279,476	25% below HPI
1995 20 DEC	£83,000	£103,613	20% below HPI

2 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 2 BANNER WAY sales between December 1995 and July 2016 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 June 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2016 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 BANNER WAY?

2 BANNER WAY is 88m², which includes one extension, according to the EPC inspection conducted in May 2016. 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 2 BANNER WAY lies on this distribution: 16% of detached houses are smaller than 2 BANNER WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

2 BANNER WAY: Plot and Title Map

2 BANNER WAY sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 2 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 2 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 2 BANNER WAY?

2 BANNER WAY is located in STONE CROSS, in the BN24 postcode district. The below map shows the position of No. 2 on BANNER WAY.