5, FAIRWAYS CLOSE, SEAFORD, BN25 4EG - £550,000

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.

5 FAIRWAYS CLOSE is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £524,947. It was last sold for £550,000 in August 2022, which was around 10% below the average August 2022 detached price in the Lewes local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

5 FAIRWAYS CLOSE Sold Prices

Land registry data shows four sales for 5 FAIRWAYS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. All of the four 5 FAIRWAYS 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
2022 2 AUG	£550,000	£611,410	10% below HPI
2019 7 FEB	£402,000	£527,966	24% below HPI
2017 14 FEB	£384,500	£479,361	20% below HPI
2013 27 NOV	£290,000	£391,743	26% below HPI

5 FAIRWAYS CLOSE 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 four 5 FAIRWAYS CLOSE sales between November 2013 and August 2022 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 2019 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 5 FAIRWAYS CLOSE be worth now?

5 FAIRWAYS CLOSE might now be worth an estimated £524,947.

This is based on house price deflation of 4.6%, between August 2022 and February 2025, for detached houses, in the Lewes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.6% deflationary decrease is applied to the most recent sale price for 5 FAIRWAYS CLOSE of £550,000 on 2nd August 2022. For the value to have decreased from £550,000 to £524,947 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 5 FAIRWAYS CLOSE has moved in line with the HPI for detached houses in the Lewes local authority area.
• The August 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FAIRWAYS CLOSE has not materially changed since August 2022.

How Large is 5 FAIRWAYS CLOSE?

5 FAIRWAYS CLOSE is 82m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% of detached houses houses in Seaford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaford, and where 5 FAIRWAYS CLOSE lies on this distribution: 17% of detached houses houses are smaller than 5 FAIRWAYS CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Seaford.

5 FAIRWAYS CLOSE: Plot and Title Map

5 FAIRWAYS CLOSE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 5 FAIRWAYS 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 FAIRWAYS 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 FAIRWAYS CLOSE?

5 FAIRWAYS CLOSE is located in SEAFORD, in the BN25 postcode district. The below map shows the position of No. 5 on FAIRWAYS CLOSE.