FARACRES, MARSHFOOT LANE, HAILSHAM, BN27 2RB - £300,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

FARACRES is a very large semi-detached house of 150m², built sometime between 2003 and 2006. It was last sold for £300,000 in July 2014, which was around 21% below the average July 2014 detached price in the Wealden local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

FARACRES Sold Prices

Land registry data shows two sales for FARACRES 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. Both of the two FARACRES 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
2014 9 JUL	£300,000	£381,045	21% below HPI
2005 10 NOV	£249,950	£315,904	21% below HPI

FARACRES 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 FARACRES sales from November 2005 and July 2014 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 November 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2014 sale, which was also at 21% below the HPI.

How Large is FARACRES?

FARACRES is 150m² according to the EPC inspection conducted in June 2013. This puts it in the largest 20% of detached houses in Hailsham, based on EPC data. The below chart shows the distribution of detached houses by size in Hailsham, and where FARACRES lies on this distribution: 87% of detached houses are smaller than FARACRES, and 12% of houses are larger. Note that EPC data is not available for all properties in Hailsham.

FARACRES: Plot and Title Map

FARACRES sits on a plot of roughly 0.195 of an acre, or 787m². The below map shows the location of FARACRES, 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 FARACRES). 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 FARACRES?

FARACRES is located on MARSHFOOT LANE in HAILSHAM, in the BN27 postcode district. The below map shows the position of FARACRES on MARSHFOOT LANE.