HOLLYHOCKS, MARKLYE LANE, HEATHFIELD, TN21 8QA - £430,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HOLLYHOCKS is a small extended detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £490,331. It was last sold for £430,000 in September 2020, which was around 19% below the average September 2020 detached price in the Wealden local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

HOLLYHOCKS Sold Prices

Land registry data shows four sales for HOLLYHOCKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the four HOLLYHOCKS 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
2020 28 SEP	£430,000	£530,364	19% below HPI
2014 12 DEC	£300,000	£416,613	28% below HPI
2003 4 JUL	£282,000	£294,773	4% below HPI
2002 14 FEB	£192,500	£227,491	15% below HPI

HOLLYHOCKS 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 four HOLLYHOCKS sales between February 2002 and September 2020 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 December 2014 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might HOLLYHOCKS be worth now?

HOLLYHOCKS might now be worth an estimated £490,331.

This is based on house price inflation of 14%, between September 2020 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14% inflationary increase is applied to the most recent sale price for HOLLYHOCKS of £430,000 on 28th September 2020. For the value to have increased from £430,000 to £490,331 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of HOLLYHOCKS has moved in line with the HPI for detached houses in the Wealden local authority area.
• The September 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLYHOCKS has not materially changed since September 2020.

How Large is HOLLYHOCKS?

HOLLYHOCKS is 98m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the smallest 40% of detached houses houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heathfield, and where HOLLYHOCKS lies on this distribution: 31% of detached houses houses are smaller than HOLLYHOCKS, and 68% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

HOLLYHOCKS: Plot and Title Map

HOLLYHOCKS sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of HOLLYHOCKS, 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 HOLLYHOCKS). 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 HOLLYHOCKS?

HOLLYHOCKS is located on MARKLYE LANE in HEATHFIELD, in the TN21 postcode district. The below map shows the position of HOLLYHOCKS on MARKLYE LANE.