8, MEDWAY LANE, STONE CROSS, PEVENSEY, BN24 5PH - £349,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 MEDWAY LANE is a very large detached house of 132m², built sometime between 1996 and 2002, which could now be worth an estimated £474,302. It was last sold for £349,950 in October 2015, which was around 23% below the average October 2015 detached price in the Wealden local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

8 MEDWAY LANE Sold Prices

Land registry data shows three sales for 8 MEDWAY LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Two of the three 8 MEDWAY LANE sales were for below the average price, whilst one was for above 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
2015 23 OCT	£349,950	£452,673	23% below HPI
2011 26 MAY	£305,000	£354,906	14% below HPI
1996 16 AUG	£117,500	£115,908	1% above HPI

8 MEDWAY LANE 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 three 8 MEDWAY LANE sales between August 1996 and October 2015 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 May 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 8 MEDWAY LANE be worth now?

8 MEDWAY LANE might now be worth an estimated £474,302.

This is based on house price inflation of 35.5%, between October 2015 and December 2024, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.5% inflationary increase is applied to the most recent sale price for 8 MEDWAY LANE of £349,950 on 23rd October 2015. For the value to have increased from £349,950 to £474,302 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 MEDWAY LANE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The October 2015 sale price of £349,950 represented a fair market value for the property.
• The size, condition, and specification of 8 MEDWAY LANE has not materially changed since October 2015.

How Large is 8 MEDWAY LANE?

8 MEDWAY LANE is 132m² according to the EPC inspection conducted in March 2011. This puts it in the largest 20% of detached houses houses in Stone Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stone Cross, and where 8 MEDWAY LANE lies on this distribution: 82% of detached houses houses are smaller than 8 MEDWAY LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

8 MEDWAY LANE: Plot and Title Map

8 MEDWAY LANE sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 8 MEDWAY 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 8 MEDWAY 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.

Where is 8 MEDWAY LANE?

8 MEDWAY LANE is located in STONE CROSS, in the BN24 postcode district. The below map shows the position of No. 8 on MEDWAY LANE.