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 COLLEGE LANE is a large extended detached house of 158m², built sometime between 1967 and 1975. It was last sold for £875,000 in March 2022, which was around 26% above the average March 2022 detached price in the Mid Sussex local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows four sales for 2 COLLEGE LANE since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Sussex local authority area for the corresponding sale date. two of the four 2 COLLEGE LANE sales were for above the average price, and four 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 |
---|---|---|---|
2022 16 MAR | £875,000 | £694,040 | 26% above HPI |
2018 4 JUL | £695,000 | £613,159 | 13% above HPI |
2012 13 JUL | £355,000 | £425,926 | 17% below HPI |
1996 31 MAY | £118,000 | £124,606 | 5% below HPI |
The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The four 2 COLLEGE LANE sales between May 1996 and March 2022 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 July 2018 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.
2 COLLEGE LANE is 158m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses in Hurstpierpoint, based on EPC data. The below chart shows the distribution of detached houses by size in Hurstpierpoint, and where 2 COLLEGE LANE lies on this distribution: 63% of detached houses are smaller than 2 COLLEGE LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Hurstpierpoint.
2 COLLEGE LANE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 2 COLLEGE LANE, 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 COLLEGE LANE). 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.
2 COLLEGE LANE is located in HURSTPIERPOINT, in the BN6 postcode district. The below map shows the position of No. 2 on COLLEGE LANE.