5, CHERWELL CLOSE, STONE CROSS, PEVENSEY, BN24 5PL - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 CHERWELL CLOSE is a large extended detached house of 120m², built sometime between 1996 and 2002. It was last sold for £225,000 in December 2004, which was around 28% below the average December 2004 detached price in the Wealden local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

5 CHERWELL CLOSE Sold Prices

Land registry data shows two sales for 5 CHERWELL 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 Wealden local authority area for the corresponding sale date. Both of the two 5 CHERWELL CLOSE 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
2004 2 DEC	£225,000	£312,260	28% below HPI
1997 22 AUG	£97,500	£126,306	23% below HPI

5 CHERWELL CLOSE 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 CHERWELL CLOSE sales from August 1997 and December 2004 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 August 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2004 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 5 CHERWELL CLOSE?

5 CHERWELL CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 40% of detached houses in Stone Cross, based on EPC data. The below chart shows the distribution of detached houses by size in Stone Cross, and where 5 CHERWELL CLOSE lies on this distribution: 68% of detached houses are smaller than 5 CHERWELL CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

5 CHERWELL CLOSE: Plot and Title Map

5 CHERWELL CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 5 CHERWELL 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 5 CHERWELL 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 5 CHERWELL CLOSE?

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