5, THE GROVE, NEWHAVEN, BN9 0QY - £440,000

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 THE GROVE is a midsized extended detached house of 98m², built sometime between 1950 and 1966. It was last sold for £440,000 in June 2023, which was around 26% below the average June 2023 detached price in the Lewes local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

5 THE GROVE Sold Prices

Land registry data shows two sales for 5 THE GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Both of the two 5 THE GROVE 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
2023 1 JUN	£440,000	£594,809	26% below HPI
2018 2 JAN	£337,000	£469,083	28% below HPI

5 THE GROVE 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 two 5 THE GROVE sales from January 2018 and June 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 January 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 THE GROVE?

5 THE GROVE is 98m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 50% of detached houses in Newhaven, based on EPC data. The below chart shows the distribution of detached houses by size in Newhaven, and where 5 THE GROVE lies on this distribution: 43% of detached houses are smaller than 5 THE GROVE, and 57% of houses are larger. Note that EPC data is not available for all properties in Newhaven.

5 THE GROVE: Plot and Title Map

5 THE GROVE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 5 THE GROVE, 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 THE GROVE). 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 THE GROVE?

5 THE GROVE is located in NEWHAVEN, in the BN9 postcode district. The below map shows the position of No. 5 on THE GROVE.