3, THE CHESTNUTS, LEWES ROAD, RINGMER, LEWES, BN8 5QA - £490,000

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

3 THE CHESTNUTS is a small extended detached house of 109m², built sometime before 1900. It was last sold for £490,000 in November 2014, which was around 20% above the average November 2014 detached price in the Lewes local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

3 THE CHESTNUTS Sold Prices

Land registry data shows six sales for 3 THE CHESTNUTS since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Most of the six 3 THE CHESTNUTS 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
2014 4 NOV	£490,000	£407,625	20% above HPI
2007 2 FEB	£323,500	£335,732	4% below HPI
2005 1 DEC	£310,000	£298,099	4% above HPI
2003 7 APR	£284,000	£257,816	10% above HPI
2002 4 JUL	£262,000	£225,963	16% above HPI
1995 18 JAN	£133,000	£101,690	31% above HPI

3 THE CHESTNUTS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The six 3 THE CHESTNUTS sales between January 1995 and November 2014 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 February 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2014 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 3 THE CHESTNUTS?

3 THE CHESTNUTS is 109m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 40% of detached houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses by size in Ringmer, and where 3 THE CHESTNUTS lies on this distribution: 31% of detached houses are smaller than 3 THE CHESTNUTS, and 66% of houses are larger. Note that EPC data is not available for all properties in Ringmer.

3 THE CHESTNUTS: Plot and Title Map

3 THE CHESTNUTS sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 3 THE CHESTNUTS, 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 3 THE CHESTNUTS). 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 3 THE CHESTNUTS?

3 THE CHESTNUTS is located on LEWES ROAD in RINGMER, in the BN8 postcode district. The below map shows the position of 3 THE CHESTNUTS on LEWES ROAD.