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 WESLEY LANE is a large extended detached house of 130m², built sometime between 1967 and 1975. It was last sold for £465,000 in May 2024, which was around 5% below the average May 2024 detached price in the Wiltshire local authority area. The most recent EPC inspection was November 2023, where the current energy rating was E, and the potential energy rating was C.
Land registry data shows three sales for 5 WESLEY LANE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. All of the three 5 WESLEY LANE 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 |
---|---|---|---|
2024 9 MAY | £465,000 | £488,950 | 5% below HPI |
2017 6 JUN | £300,000 | £402,353 | 25% below HPI |
1995 28 JUL | £83,000 | £99,609 | 17% below HPI |
The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The three 5 WESLEY LANE sales between July 1995 and May 2024 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2024 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.
5 WESLEY LANE is 130m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the largest 30% of detached houses in Southwick, based on EPC data. The below chart shows the distribution of detached houses by size in Southwick, and where 5 WESLEY LANE lies on this distribution: 71% of detached houses are smaller than 5 WESLEY LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Southwick.
5 WESLEY LANE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 5 WESLEY 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 WESLEY 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.
5 WESLEY LANE is located in SOUTHWICK, in the BA14 postcode district. The below map shows the position of No. 5 on WESLEY LANE.