2, OAKLANDS CLOSE, POLEGATE, BN26 6HB - £296,000

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 OAKLANDS CLOSE is a midsized detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £350,386. It was last sold for £296,000 in July 2020, which was around 42% below the average July 2020 detached price in the Wealden local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

2 OAKLANDS CLOSE Sold Prices

Land registry data shows four sales for 2 OAKLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the four 2 OAKLANDS 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
2020 23 JUL	£296,000	£510,904	42% below HPI
2017 16 MAR	£295,000	£486,824	39% below HPI
2015 20 MAR	£184,000	£428,505	57% below HPI
2014 28 NOV	£159,000	£415,696	62% below HPI

2 OAKLANDS 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 four 2 OAKLANDS CLOSE sales between November 2014 and July 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 March 2017 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 2 OAKLANDS CLOSE be worth now?

2 OAKLANDS CLOSE might now be worth an estimated £350,386.

This is based on house price inflation of 18.4%, between July 2020 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 18.4% inflationary increase is applied to the most recent sale price for 2 OAKLANDS CLOSE of £296,000 on 23rd July 2020. For the value to have increased from £296,000 to £350,386 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 2 OAKLANDS CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The July 2020 sale price of £296,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKLANDS CLOSE has not materially changed since July 2020.

How Large is 2 OAKLANDS CLOSE?

2 OAKLANDS CLOSE is 83m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 50% of detached houses houses in Polegate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Polegate, and where 2 OAKLANDS CLOSE lies on this distribution: 41% of detached houses houses are smaller than 2 OAKLANDS CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Polegate.

2 OAKLANDS CLOSE: Plot and Title Map

2 OAKLANDS CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2 OAKLANDS 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 OAKLANDS 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 OAKLANDS CLOSE?

2 OAKLANDS CLOSE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 2 on OAKLANDS CLOSE.