8, OLD MILL LANE, POLEGATE, BN26 5NS - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 OLD MILL LANE is a very large detached house of 108m², built sometime between 1950 and 1966, which could now be worth an estimated £537,711. It was last sold for £315,000 in July 2011, which was around 11% below the average July 2011 detached price in the Wealden local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, and the potential energy rating was C.

8 OLD MILL LANE Sold Prices

Land registry data shows two sales for 8 OLD MILL LANE 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. Both of the two 8 OLD MILL 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
2011 21 JUL	£315,000	£354,069	11% below HPI
1998 11 SEP	£92,000	£154,515	40% below HPI

8 OLD MILL 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 two 8 OLD MILL LANE sales from September 1998 and July 2011 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 September 1998 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2011 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 OLD MILL LANE be worth now?

8 OLD MILL LANE might now be worth an estimated £537,711.

This is based on house price inflation of 70.7%, between July 2011 and June 2025, 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 70.7% inflationary increase is applied to the most recent sale price for 8 OLD MILL LANE of £315,000 on 21st July 2011. For the value to have increased from £315,000 to £537,711 over the fourteen years and one month to June 2025, the following assumptions must hold true:

• The value of 8 OLD MILL LANE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The July 2011 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD MILL LANE has not materially changed since July 2011.

How Large is 8 OLD MILL LANE?

8 OLD MILL LANE is 108m² according to the EPC inspection conducted in June 2009. This puts it in the largest 20% of detached houses houses in Wannock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wannock, and where 8 OLD MILL LANE lies on this distribution: 81% of detached houses houses are smaller than 8 OLD MILL LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Wannock.

8 OLD MILL LANE: Plot and Title Map

8 OLD MILL LANE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 8 OLD MILL 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 OLD MILL 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 OLD MILL LANE?

8 OLD MILL LANE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 8 on OLD MILL LANE.