MELOS, LOWER STATION ROAD, NEWICK, LEWES, BN8 4HU - £689,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MELOS is a very large extended detached house of 197m², built sometime between 1950 and 1966. It was last sold for £689,000 in November 2013, which was around 76% above the average November 2013 detached price in the Lewes local authority area. The most recent EPC inspection was May 2014, where the current energy rating was F, and the potential energy rating was F.

MELOS Sold Prices

Land registry data shows two sales for MELOS 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 MELOS 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
2013 22 NOV	£689,000	£391,743	76% above HPI
2004 16 JUL	£500,000	£297,501	68% above HPI

MELOS 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 MELOS sales from July 2004 and November 2013 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 July 2004 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the November 2013 sale, where it rises to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might MELOS be worth now?

MELOS might now be worth an estimated £1,031,543.

This is based on house price inflation of 49.7%, between November 2013 and December 2024, 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 49.7% inflationary increase is applied to the most recent sale price for MELOS of £689,000 on 22nd November 2013. For the value to have increased from £689,000 to £1,031,543 over the ten years and eleven months to December 2024, the following assumptions must hold true:

• The value of MELOS has moved in line with the HPI for detached houses in the Lewes local authority area.
• The November 2013 sale price of £689,000 represented a fair market value for the property.
• The size, condition, and specification of MELOS has not materially changed since November 2013.

How Large is MELOS?

MELOS is 197m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% 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 MELOS lies on this distribution: 82% of detached houses houses are smaller than MELOS, and 17% of houses are larger. Note that EPC data is not available for all properties in Newick.

MELOS: Plot and Title Map

MELOS sits on a plot of roughly 0.472 of an acre, or 1,909m². The below map shows the location of MELOS, 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 MELOS). 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 MELOS?

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