CEDAR LEA, STAPLES BARN LANE, HENFIELD, BN5 9PR - £550,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

CEDAR LEA is a small detached house of 106m², built sometime between 1967 and 1975. It was last sold for £550,000 in November 2022, which was around 22% below the average November 2022 detached price in the Horsham local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

CEDAR LEA Sold Prices

Land registry data shows five sales for CEDAR LEA since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the five CEDAR LEA 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
2022 3 NOV	£550,000	£703,865	22% below HPI
2015 24 AUG	£345,000	£536,679	36% below HPI
2012 28 JUN	£302,000	£439,172	31% below HPI
2002 30 AUG	£197,500	£302,114	35% below HPI
1999 22 OCT	£154,950	£202,299	23% below HPI

CEDAR LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The five CEDAR LEA sales between October 1999 and November 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 August 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2022 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is CEDAR LEA?

CEDAR LEA is 106m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses in Henfield, based on EPC data. The below chart shows the distribution of detached houses by size in Henfield, and where CEDAR LEA lies on this distribution: 29% of detached houses are smaller than CEDAR LEA, and 69% of houses are larger. Note that EPC data is not available for all properties in Henfield.

CEDAR LEA: Plot and Title Map

CEDAR LEA sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of CEDAR LEA, 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 CEDAR LEA). 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 CEDAR LEA?

CEDAR LEA is located on STAPLES BARN LANE in HENFIELD, in the BN5 postcode district. The below map shows the position of CEDAR LEA on STAPLES BARN LANE.