55, GRESHAM WAY, ST LEONARDS-ON-SEA, TN38 0UG - £363,000

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

55 GRESHAM WAY is a midsized extended detached house of 119m², built sometime between 1967 and 1975. It was last sold for £363,000 in February 2021, which was around 16% below the average February 2021 detached price in the Hastings local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

55 GRESHAM WAY Sold Prices

Land registry data shows two sales for 55 GRESHAM WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hastings local authority area for the corresponding sale date. Both of the two 55 GRESHAM WAY 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
2021 16 FEB	£363,000	£429,851	16% below HPI
1996 28 MAR	£65,000	£68,586	5% below HPI

55 GRESHAM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hastings local authority area over time, sourced from the HPI. The two 55 GRESHAM WAY sales from March 1996 and February 2021 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 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 55 GRESHAM WAY?

55 GRESHAM WAY is 119m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 50% of detached houses in Hastings, based on EPC data. The below chart shows the distribution of detached houses by size in Hastings, and where 55 GRESHAM WAY lies on this distribution: 58% of detached houses are smaller than 55 GRESHAM WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Hastings.

55 GRESHAM WAY: Plot and Title Map

55 GRESHAM WAY sits on a plot of roughly 0.157 of an acre, or 637m². The below map shows the location of 55 GRESHAM 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 55 GRESHAM 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 55 GRESHAM WAY?

55 GRESHAM WAY is located in ST. LEONARDS-ON-SEA, in the TN38 postcode district. The below map shows the position of No. 55 on GRESHAM WAY.