FAIRSEAT HOUSE, STATION ROAD, NEWICK, LEWES, BN8 4PJ - £1,020,000

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

FAIRSEAT HOUSE is a very large extended detached house of 371m², built sometime before 1900. It was last sold for £1,020,000 in June 2017, which was around 121% above the average June 2017 detached price in the Lewes local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was C.

FAIRSEAT HOUSE Sold Prices

Land registry data shows two sales for FAIRSEAT HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Both of the two FAIRSEAT HOUSE sales were for above 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
2017 21 JUN	£1,020,000	£461,800	121% above HPI
2012 27 JAN	£915,000	£335,629	173% above HPI

FAIRSEAT HOUSE 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 two FAIRSEAT HOUSE sales from January 2012 and June 2017 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 January 2012 sale was for 173% above the HPI. So the extrapolation line tracks at 173% above the HPI over time, until the June 2017 sale, where it falls to 121% above the HPI. The line then continues to track at 121% above the HPI.

How Large is FAIRSEAT HOUSE?

FAIRSEAT HOUSE is 371m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses in Newick, based on EPC data. The below chart shows the distribution of detached houses by size in Newick, and where FAIRSEAT HOUSE lies on this distribution: 98% of detached houses are smaller than FAIRSEAT HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Newick.

FAIRSEAT HOUSE: Plot and Title Map

FAIRSEAT HOUSE sits on a plot of roughly 0.377 of an acre, or 1,524m². The below map shows the location of FAIRSEAT HOUSE, 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 FAIRSEAT HOUSE). 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 FAIRSEAT HOUSE?

FAIRSEAT HOUSE is located on STATION ROAD in NEWICK, in the BN8 postcode district. The below map shows the position of FAIRSEAT HOUSE on STATION ROAD.