BINNEFORD, EAST STREET, MAYFIELD, TN20 6TY - £700,000

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

BINNEFORD is a very small extended detached house of 98m², built sometime between 1950 and 1966. It was last sold for £700,000 in September 2022, which was around 14% above the average September 2022 detached price in the Wealden local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

BINNEFORD Sold Prices

Land registry data shows two sales for BINNEFORD 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 BINNEFORD sales was for above 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
2022 8 SEP	£700,000	£613,565	14% above HPI
2006 28 APR	£260,000	£320,786	19% below HPI

BINNEFORD 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 BINNEFORD sales from April 2006 and September 2022 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 April 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is BINNEFORD?

BINNEFORD is 98m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses in Mayfield, based on EPC data. The below chart shows the distribution of detached houses by size in Mayfield, and where BINNEFORD lies on this distribution: 8% of detached houses are smaller than BINNEFORD, and 92% of houses are larger. Note that EPC data is not available for all properties in Mayfield.

BINNEFORD: Plot and Title Map

BINNEFORD sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of BINNEFORD, 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 BINNEFORD). 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 BINNEFORD?

BINNEFORD is located on EAST STREET in MAYFIELD, in the TN20 postcode district. The below map shows the position of BINNEFORD on EAST STREET.