FERNDENE, LAKE VIEW ROAD, FURNACE WOOD, EAST GRINSTEAD, RH19 2QE - £580,000

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

FERNDENE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £580,000 in December 2019, which was around 4% below the average December 2019 detached price in the Mid Sussex local authority area. The most recent EPC inspection was February 2016, where the current energy rating was F, and the potential energy rating was B.

FERNDENE Sold Prices

Land registry data shows two sales for FERNDENE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Mid Sussex local authority area for the corresponding sale date. Both of the two FERNDENE 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
2019 5 DEC	£580,000	£605,899	4% below HPI
2016 14 SEP	£510,000	£586,005	13% below HPI

FERNDENE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The two FERNDENE sales from September 2016 and December 2019 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 September 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2019 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is FERNDENE?

FERNDENE is 65m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses in Furnace Wood, based on EPC data. The below chart shows the distribution of detached houses by size in Furnace Wood, and where FERNDENE lies on this distribution: 3% of detached houses are smaller than FERNDENE, and 97% of houses are larger. Note that EPC data is not available for all properties in Furnace Wood.

FERNDENE: Plot and Title Map

FERNDENE sits on a plot of roughly 0.824 of an acre, or 3,334m². The below map shows the location of FERNDENE, 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 FERNDENE). 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 FERNDENE?

FERNDENE is located on LAKE VIEW ROAD in FURNACE WOOD, in the RH19 postcode district. The below map shows the position of FERNDENE on LAKE VIEW ROAD.