EUREKA, SCHOOL LANE, PEASMARSH, RYE, TN31 6UT - £655,000

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

EUREKA is a very large detached house of 165m², built sometime between 1996 and 2002. It was last sold for £655,000 in August 2024, which was around 16% above the average August 2024 detached price in the Rother local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was A.

EUREKA Sold Prices

Land registry data shows two sales for EUREKA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rother local authority area for the corresponding sale date. One of the two EUREKA 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
2024 22 AUG	£655,000	£562,548	16% above HPI
1999 9 MAR	£95,000	£122,997	23% below HPI

EUREKA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rother local authority area over time, sourced from the HPI. The two EUREKA sales from March 1999 and August 2024 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 March 1999 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2024 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is EUREKA?

EUREKA is 165m² according to the EPC inspection conducted in February 2024. This puts it in the largest 10% of detached houses in Peasmarsh, based on EPC data. The below chart shows the distribution of detached houses by size in Peasmarsh, and where EUREKA lies on this distribution: 92% of detached houses are smaller than EUREKA, and 7% of houses are larger. Note that EPC data is not available for all properties in Peasmarsh.

EUREKA: Plot and Title Map

EUREKA sits on a plot of roughly 0.515 of an acre, or 2,086m². The below map shows the location of EUREKA, 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 EUREKA). 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 EUREKA?

EUREKA is located on SCHOOL LANE in PEASMARSH, in the TN31 postcode district. The below map shows the position of EUREKA on SCHOOL LANE.