2, MILL ROAD, HEATHFIELD, TN21 0XD - £500,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MILL ROAD is a midsized detached house of 116m², built sometime between 1967 and 1975, which could now be worth an estimated £604,829. It was last sold for £500,000 in May 2018, which was about the average May 2018 detached price in the Wealden local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

2 MILL ROAD Sold Prices

Land registry data shows three sales for 2 MILL ROAD 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. The three 2 MILL ROAD sales were a mix of roughly equal to the average price, and 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
2018 15 MAY	£500,000	£499,956	Close to HPI
2007 6 JUL	£339,950	£367,306	7% below HPI
2001 24 AUG	£173,500	£220,998	21% below HPI

2 MILL ROAD 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 MILL ROAD sales between August 2001 and May 2018 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 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 MILL ROAD be worth now?

2 MILL ROAD might now be worth an estimated £604,829.

This is based on house price inflation of 21%, between May 2018 and February 2025, 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 21% inflationary increase is applied to the most recent sale price for 2 MILL ROAD of £500,000 on 15th May 2018. For the value to have increased from £500,000 to £604,829 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 2 MILL ROAD has moved in line with the HPI for detached houses in the Wealden local authority area.
• The May 2018 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL ROAD has not materially changed since May 2018.

How Large is 2 MILL ROAD?

2 MILL ROAD is 116m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 50% of detached houses houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heathfield, and where 2 MILL ROAD lies on this distribution: 48% of detached houses houses are smaller than 2 MILL ROAD, and 50% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

2 MILL ROAD: Plot and Title Map

2 MILL ROAD sits on a plot of roughly 0.172 of an acre, or 695m². The below map shows the location of 2 MILL ROAD, 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 MILL ROAD). 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 MILL ROAD?

2 MILL ROAD is located in HEATHFIELD, in the TN21 postcode district. The below map shows the position of No. 2 on MILL ROAD.