MEAD COTTAGE, LEEDS LANE, FIVE ASHES, MAYFIELD, TN20 6JX - £567,500

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.

MEAD COTTAGE is a very small extended detached house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £657,017. It was last sold for £567,500 in August 2018, which was around 9% above the average August 2018 detached price in the Wealden local authority area. The most recent EPC inspection was August 2010, where the current energy rating was E, and the potential energy rating was D.

MEAD COTTAGE Sold Prices

Land registry data shows four sales for MEAD 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 Wealden local authority area for the corresponding sale date. All of the four MEAD COTTAGE 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
2018 24 AUG	£567,500	£522,377	9% above HPI
2012 25 OCT	£490,000	£378,320	30% above HPI
2003 7 MAY	£390,000	£292,167	33% above HPI
1998 17 MAR	£190,000	£138,875	37% above HPI

MEAD COTTAGE 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 MEAD COTTAGE sales between March 1998 and August 2018 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 2012 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2018 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might MEAD COTTAGE be worth now?

MEAD COTTAGE might now be worth an estimated £657,017.

This is based on house price inflation of 15.8%, between August 2018 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 15.8% inflationary increase is applied to the most recent sale price for MEAD COTTAGE of £567,500 on 24th August 2018. For the value to have increased from £567,500 to £657,017 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of MEAD COTTAGE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The August 2018 sale price of £567,500 represented a fair market value for the property.
• The size, condition, and specification of MEAD COTTAGE has not materially changed since August 2018.

How Large is MEAD COTTAGE?

MEAD COTTAGE is 107m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the smallest 20% of detached houses houses in Five Ashes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Five Ashes, and where MEAD COTTAGE lies on this distribution: 13% of detached houses houses are smaller than MEAD COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Five Ashes.

MEAD COTTAGE: Plot and Title Map

MEAD COTTAGE sits on a plot of roughly 0.197 of an acre, or 799m². The below map shows the location of MEAD 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 MEAD 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 MEAD COTTAGE?

MEAD COTTAGE is located on LEEDS LANE in FIVE ASHES, in the TN20 postcode district. The below map shows the position of MEAD COTTAGE on LEEDS LANE.