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

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

MARTINS is a very large extended detached house of 305m², built sometime between 1930 and 1949. It was last sold for £1,250,000 in January 2021, which was around 148% 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	£503,483	148% above HPI
2003 17 OCT	£570,000	£270,658	111% 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 111% above the HPI. So the extrapolation line tracks at 111% above the HPI over time, until the January 2021 sale, where it rises to 148% above the HPI. The line then continues to track at 148% above the HPI.

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 in Newick, based on EPC data. The below chart shows the distribution of detached houses by size in Newick, and where MARTINS lies on this distribution: 96% of detached 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.