2, WELLS CLOSE, EASTBOURNE, BN20 7TX - £575,000

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 WELLS CLOSE is a large detached house of 148m², built sometime between 1967 and 1975, which could now be worth an estimated £662,873. It was last sold for £575,000 in October 2019, which was around 28% above the average October 2019 detached price in the Eastbourne local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

2 WELLS CLOSE Sold Prices

Land registry data shows two sales for 2 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Eastbourne local authority area for the corresponding sale date. Both of the two 2 WELLS CLOSE sales were for above 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
2019 17 OCT	£575,000	£449,867	28% above HPI
2006 19 SEP	£380,000	£281,608	35% above HPI

2 WELLS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastbourne local authority area over time, sourced from the HPI. The two 2 WELLS CLOSE sales from September 2006 and October 2019 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 September 2006 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the October 2019 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 2 WELLS CLOSE be worth now?

2 WELLS CLOSE might now be worth an estimated £662,873.

This is based on house price inflation of 15.3%, between October 2019 and March 2025, for detached houses, in the Eastbourne local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.3% inflationary increase is applied to the most recent sale price for 2 WELLS CLOSE of £575,000 on 17th October 2019. For the value to have increased from £575,000 to £662,873 over the six years and seven months to March 2025, the following assumptions must hold true:

• The value of 2 WELLS CLOSE has moved in line with the HPI for detached houses in the Eastbourne local authority area.
• The October 2019 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WELLS CLOSE has not materially changed since October 2019.

How Large is 2 WELLS CLOSE?

2 WELLS CLOSE is 148m² according to the EPC inspection conducted in March 2018. This puts it in the largest 30% of detached houses houses in Eastbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastbourne, and where 2 WELLS CLOSE lies on this distribution: 77% of detached houses houses are smaller than 2 WELLS CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Eastbourne.

2 WELLS CLOSE: Plot and Title Map

2 WELLS CLOSE sits on a plot of roughly 0.228 of an acre, or 921m². The below map shows the location of 2 WELLS 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 WELLS 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 WELLS CLOSE?

2 WELLS CLOSE is located in EASTBOURNE, in the BN20 postcode district. The below map shows the position of No. 2 on WELLS CLOSE.