2, FARM CLOSE, SEAFORD, BN25 3RX - £385,000

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 FARM CLOSE is a midsized extended detached house of 110m², built sometime between 1950 and 1966. It was last sold for £385,000 in August 2022, which was around 33% below the average August 2022 detached price in the Lewes local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

2 FARM CLOSE Sold Prices

Land registry data shows three sales for 2 FARM 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 Lewes local authority area for the corresponding sale date. All of the three 2 FARM 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
2022 2 AUG	£385,000	£576,457	33% below HPI
2000 26 OCT	£113,500	£184,255	38% below HPI
1997 27 JUN	£82,000	£103,724	21% below HPI

2 FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The three 2 FARM CLOSE sales between June 1997 and August 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 October 2000 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2022 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 2 FARM CLOSE?

2 FARM CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 50% of detached houses in Seaford, based on EPC data. The below chart shows the distribution of detached houses by size in Seaford, and where 2 FARM CLOSE lies on this distribution: 51% of detached houses are smaller than 2 FARM CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Seaford.

2 FARM CLOSE: Plot and Title Map

2 FARM CLOSE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 2 FARM 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 FARM 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 FARM CLOSE?

2 FARM CLOSE is located in SEAFORD, in the BN25 postcode district. The below map shows the position of No. 2 on FARM CLOSE.