55, THE DRIVE, HAILSHAM, BN27 3HW - £587,500

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

55 THE DRIVE is a large extended detached house of 125m², built sometime between 1967 and 1975. It was last sold for £587,500 in March 2024, which was about the average March 2024 detached price in the Wealden local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

55 THE DRIVE Sold Prices

Land registry data shows two sales for 55 THE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. One of the two 55 THE DRIVE sales was roughly equal to the average price, whilst the other was 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 6 MAR	£587,500	£586,583	Close to HPI
2017 7 FEB	£334,000	£471,910	29% below HPI

55 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The two 55 THE DRIVE sales from February 2017 and March 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 February 2017 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 55 THE DRIVE?

55 THE DRIVE is 125m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 40% of detached houses in Hailsham, based on EPC data. The below chart shows the distribution of detached houses by size in Hailsham, and where 55 THE DRIVE lies on this distribution: 69% of detached houses are smaller than 55 THE DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Hailsham.

55 THE DRIVE: Plot and Title Map

55 THE DRIVE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 55 THE DRIVE, 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 THE DRIVE). 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 THE DRIVE?

55 THE DRIVE is located in HAILSHAM, in the BN27 postcode district. The below map shows the position of No. 55 on THE DRIVE.