MARTINS, LOWER STATION ROAD, NEWICK, LEWES, BN8 4HT - £1,250,000

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.

MARTINS is a very large extended detached house of 305m², built sometime between 1930 and 1949, which could now be worth an estimated £1,365,983. It was last sold for £1,250,000 in January 2021, which was around 134% above the average January 2021 detached price in the Lewes local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

MARTINS Sold Prices

Land registry data shows two sales for MARTINS 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 MARTINS 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
2021 11 JAN	£1,250,000	£534,011	134% above HPI
2003 17 OCT	£570,000	£287,068	99% above HPI

MARTINS 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 MARTINS sales from October 2003 and January 2021 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 October 2003 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the January 2021 sale, where it rises to 134% above the HPI. The line then continues to track at 134% above the HPI.

What might MARTINS be worth now?

MARTINS might now be worth an estimated £1,365,983.

This is based on house price inflation of 9.3%, between January 2021 and February 2025, for detached houses, in the Lewes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.3% inflationary increase is applied to the most recent sale price for MARTINS of £1,250,000 on 11th January 2021. For the value to have increased from £1,250,000 to £1,365,983 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of MARTINS has moved in line with the HPI for detached houses in the Lewes local authority area.
• The January 2021 sale price of £1,250,000 represented a fair market value for the property.
• The size, condition, and specification of MARTINS has not materially changed since January 2021.

How Large is MARTINS?

MARTINS is 305m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 10% of detached houses houses in Newick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newick, and where MARTINS lies on this distribution: 96% of detached houses houses are smaller than MARTINS, and 4% of houses are larger. Note that EPC data is not available for all properties in Newick.

MARTINS: Plot and Title Map

MARTINS sits on a plot of roughly 0.354 of an acre, or 1,431m². The below map shows the location of MARTINS, 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 MARTINS). 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 MARTINS?

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