5, BANNER WAY, STONE CROSS, PEVENSEY, BN24 5FE - £189,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 BANNER WAY is a midsized detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £526,863. It was last sold for £189,950 in December 2001, which was around 14% below the average December 2001 detached price in the Wealden local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was B.

5 BANNER WAY Sold Prices

Land registry data shows two sales for 5 BANNER WAY 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 5 BANNER WAY 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
2001 18 DEC	£189,950	£221,195	14% below HPI
1996 5 SEP	£93,000	£117,301	21% below HPI

5 BANNER WAY 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 5 BANNER WAY sales from September 1996 and December 2001 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 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2001 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 BANNER WAY be worth now?

5 BANNER WAY might now be worth an estimated £526,863.

This is based on house price inflation of 177.4%, between December 2001 and December 2024, 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 177.4% inflationary increase is applied to the most recent sale price for 5 BANNER WAY of £189,950 on 18th December 2001. For the value to have increased from £189,950 to £526,863 over the 23 years to December 2024, the following assumptions must hold true:

• The value of 5 BANNER WAY has moved in line with the HPI for detached houses in the Wealden local authority area.
• The December 2001 sale price of £189,950 represented a fair market value for the property.
• The size, condition, and specification of 5 BANNER WAY has not materially changed since December 2001.

How Large is 5 BANNER WAY?

5 BANNER WAY is 105m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 50% of detached houses houses in Stone Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stone Cross, and where 5 BANNER WAY lies on this distribution: 43% of detached houses houses are smaller than 5 BANNER WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

5 BANNER WAY: Plot and Title Map

5 BANNER WAY sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 5 BANNER WAY, 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 5 BANNER WAY). 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 5 BANNER WAY?

5 BANNER WAY is located in STONE CROSS, in the BN24 postcode district. The below map shows the position of No. 5 on BANNER WAY.