5, MONKS WAY, NORTHIAM, RYE, TN31 6QQ - £497,750

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 MONKS WAY is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £497,750 in August 2023, which was around 12% below the average August 2023 detached price in the Rother local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

5 MONKS WAY Sold Prices

Land registry data shows three sales for 5 MONKS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rother local authority area for the corresponding sale date. The three 5 MONKS WAY sales were a mix of below the average price, and roughly equal to 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
2023 14 AUG	£497,750	£568,258	12% below HPI
2020 30 MAR	£390,000	£452,744	14% below HPI
2007 25 MAY	£310,000	£311,181	Close to HPI

5 MONKS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rother local authority area over time, sourced from the HPI. The three 5 MONKS WAY sales between May 2007 and August 2023 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 March 2020 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 5 MONKS WAY?

5 MONKS WAY is 93m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 40% of detached houses in Northiam, based on EPC data. The below chart shows the distribution of detached houses by size in Northiam, and where 5 MONKS WAY lies on this distribution: 31% of detached houses are smaller than 5 MONKS WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Northiam.

5 MONKS WAY: Plot and Title Map

5 MONKS WAY sits on a plot of roughly 0.164 of an acre, or 662m². The below map shows the location of 5 MONKS 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 MONKS 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 MONKS WAY?

5 MONKS WAY is located in NORTHIAM, in the TN31 postcode district. The below map shows the position of No. 5 on MONKS WAY.