MAY COTTAGE, HAYWARDS HEATH ROAD, NORTH CHAILEY, LEWES, BN8 4ES - £540,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MAY COTTAGE is a very large extended detached house of 209m², built sometime before 1900. It was last sold for £540,000 in September 2023, which was around 8% below the average September 2023 detached price in the Lewes local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

MAY COTTAGE Sold Prices

Land registry data shows four sales for MAY COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. two of the four MAY COTTAGE sales were for below the average price, and four 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
2023 11 SEP	£540,000	£584,591	8% below HPI
2022 14 JUN	£430,000	£574,027	25% below HPI
2008 7 JAN	£374,000	£353,052	6% above HPI
2001 2 FEB	£243,000	£180,771	34% above HPI

MAY COTTAGE 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 four MAY COTTAGE sales between February 2001 and September 2023 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 June 2022 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2023 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 209m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 20% of detached houses in North Chailey, based on EPC data. The below chart shows the distribution of detached houses by size in North Chailey, and where MAY COTTAGE lies on this distribution: 87% of detached houses are smaller than MAY COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in North Chailey.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of MAY COTTAGE, 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 MAY COTTAGE). 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 MAY COTTAGE?

MAY COTTAGE is located on HAYWARDS HEATH ROAD in NORTH CHAILEY, in the BN8 postcode district. The below map shows the position of MAY COTTAGE on HAYWARDS HEATH ROAD.