5, BISHOPS LANE, RINGMER, LEWES, BN8 5LB - £485,000

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

5 BISHOPS LANE is a very small extended detached house of 88m², built sometime between 1950 and 1966. It was last sold for £485,000 in October 2019, which was around 1% below the average October 2019 detached price in the Lewes local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was B.

5 BISHOPS LANE Sold Prices

Land registry data shows five sales for 5 BISHOPS LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Most of the five 5 BISHOPS 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
2019 17 OCT	£485,000	£490,055	1% below HPI
2010 22 JUN	£360,000	£343,614	5% above HPI
2005 11 JUL	£307,500	£298,016	3% above HPI
2004 25 MAY	£278,000	£280,809	1% below HPI
1997 20 JAN	£110,000	£100,996	9% above HPI

5 BISHOPS LANE 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 five 5 BISHOPS LANE sales between January 1997 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 June 2010 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 5 BISHOPS LANE?

5 BISHOPS LANE is 88m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the smallest 20% of detached houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses by size in Ringmer, and where 5 BISHOPS LANE lies on this distribution: 11% of detached houses are smaller than 5 BISHOPS LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Ringmer.

5 BISHOPS LANE: Plot and Title Map

5 BISHOPS LANE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 5 BISHOPS 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 5 BISHOPS 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 5 BISHOPS LANE?

5 BISHOPS LANE is located in RINGMER, in the BN8 postcode district. The below map shows the position of No. 5 on BISHOPS LANE.