24, OLD MILL LANE, POLEGATE, BN26 5NQ - £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.

24 OLD MILL LANE is a very large extended detached house of 185m², built sometime between 1900 and 1929, which could now be worth an estimated £711,494. It was last sold for £575,000 in August 2016, which was around 18% above the average August 2016 detached price in the Wealden local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was C.

24 OLD MILL LANE Sold Prices

Land registry data shows two sales for 24 OLD MILL 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 24 OLD MILL LANE 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
2016 4 AUG	£575,000	£488,755	18% above HPI
1999 24 SEP	£200,000	£166,436	20% above HPI

24 OLD MILL 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 24 OLD MILL LANE sales from September 1999 and August 2016 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 1999 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the August 2016 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 24 OLD MILL LANE be worth now?

24 OLD MILL LANE might now be worth an estimated £711,494.

This is based on house price inflation of 23.7%, between August 2016 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 23.7% inflationary increase is applied to the most recent sale price for 24 OLD MILL LANE of £575,000 on 4th August 2016. For the value to have increased from £575,000 to £711,494 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 24 OLD MILL LANE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The August 2016 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 24 OLD MILL LANE has not materially changed since August 2016.

How Large is 24 OLD MILL LANE?

24 OLD MILL LANE is 185m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 10% of detached houses houses in Wannock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wannock, and where 24 OLD MILL LANE lies on this distribution: 98% of detached houses houses are smaller than 24 OLD MILL LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Wannock.

24 OLD MILL LANE: Plot and Title Map

24 OLD MILL LANE sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of 24 OLD MILL 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 24 OLD MILL 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 24 OLD MILL LANE?

24 OLD MILL LANE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 24 on OLD MILL LANE.