2, CHERWELL CLOSE, STONE CROSS, PEVENSEY, BN24 5PL - £278,000

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

2 CHERWELL CLOSE is a midsized detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £485,974. It was last sold for £278,000 in November 2009, which was around 21% below the average November 2009 detached price in the Wealden local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

2 CHERWELL CLOSE Sold Prices

Land registry data shows three sales for 2 CHERWELL CLOSE 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 CHERWELL CLOSE 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
2009 30 NOV	£278,000	£350,966	21% below HPI
2004 9 FEB	£235,000	£300,726	22% below HPI
1997 29 JUL	£95,000	£128,944	26% below HPI

2 CHERWELL CLOSE 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 CHERWELL CLOSE sales between July 1997 and November 2009 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 February 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2009 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 CHERWELL CLOSE be worth now?

2 CHERWELL CLOSE might now be worth an estimated £485,974.

This is based on house price inflation of 74.8%, between November 2009 and December 2024, 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 74.8% inflationary increase is applied to the most recent sale price for 2 CHERWELL CLOSE of £278,000 on 30th November 2009. For the value to have increased from £278,000 to £485,974 over the fourteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 CHERWELL CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The November 2009 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHERWELL CLOSE has not materially changed since November 2009.

How Large is 2 CHERWELL CLOSE?

2 CHERWELL CLOSE is 104m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 50% of detached houses houses in Stone Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stone Cross, and where 2 CHERWELL CLOSE lies on this distribution: 42% of detached houses houses are smaller than 2 CHERWELL CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

2 CHERWELL CLOSE: Plot and Title Map

2 CHERWELL CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 2 CHERWELL CLOSE, 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 CHERWELL CLOSE). 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 CHERWELL CLOSE?

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