9, SPENCES LANE, LEWES, BN7 2HD - £450,000

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

9 SPENCES LANE is a very small detached house of 97m², built sometime between 1950 and 1966. It was last sold for £450,000 in December 2020, which was around 11% below the average December 2020 detached price in the Lewes local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was B.

9 SPENCES LANE Sold Prices

Land registry data shows three sales for 9 SPENCES 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 Lewes local authority area for the corresponding sale date. All of the three 9 SPENCES 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
2020 18 DEC	£450,000	£506,054	11% below HPI
2017 15 SEP	£380,000	£484,987	22% below HPI
2013 18 DEC	£305,000	£374,079	18% below HPI

9 SPENCES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The three 9 SPENCES LANE sales between December 2013 and December 2020 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 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 9 SPENCES LANE?

9 SPENCES LANE is 97m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses in Lewes, based on EPC data. The below chart shows the distribution of detached houses by size in Lewes, and where 9 SPENCES LANE lies on this distribution: 15% of detached houses are smaller than 9 SPENCES LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Lewes.

9 SPENCES LANE: Plot and Title Map

9 SPENCES LANE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 9 SPENCES 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 9 SPENCES 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 9 SPENCES LANE?

9 SPENCES LANE is located in LEWES, in the BN7 postcode district. The below map shows the position of No. 9 on SPENCES LANE.