2, LESSING LANE, STONE CROSS, PEVENSEY, BN24 5FJ - £450,000

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 LESSING LANE is a very large detached house of 150m². It was last sold for £450,000 in January 2020, which was around 7% below the average January 2020 detached price in the Wealden local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was B.

2 LESSING LANE Sold Prices

Land registry data shows two sales for 2 LESSING LANE 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 2 LESSING LANE 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
2020 16 JAN	£450,000	£484,849	7% below HPI
2016 20 MAY	£405,000	£445,732	9% below HPI

2 LESSING LANE 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 2 LESSING LANE sales from May 2016 and January 2020 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 May 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 2 LESSING LANE?

2 LESSING LANE is 150m² according to the EPC inspection conducted in April 2016. This puts it in the largest 10% 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 LESSING LANE lies on this distribution: 92% of detached houses are smaller than 2 LESSING LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

2 LESSING LANE: Plot and Title Map

2 LESSING LANE sits on a plot of roughly 0.109 of an acre, or 439m². The below map shows the location of 2 LESSING 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 LESSING 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.

Where is 2 LESSING LANE?

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