MELVIN, SHEEPSETTING LANE, CROSS IN HAND, HEATHFIELD, TN21 0UY - £380,000

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

MELVIN is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £425,853. It was last sold for £380,000 in January 2021, which was around 31% below the average January 2021 detached price in the Wealden local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

MELVIN Sold Prices

Land registry data shows two sales for MELVIN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Both of the two MELVIN sales were for below 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 28 JAN	£380,000	£547,466	31% below HPI
2013 6 SEP	£280,000	£385,088	27% below HPI

MELVIN 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 two MELVIN sales from September 2013 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 September 2013 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might MELVIN be worth now?

MELVIN might now be worth an estimated £425,853.

This is based on house price inflation of 12.1%, between January 2021 and December 2024, 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 12.1% inflationary increase is applied to the most recent sale price for MELVIN of £380,000 on 28th January 2021. For the value to have increased from £380,000 to £425,853 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of MELVIN has moved in line with the HPI for detached houses in the Wealden local authority area.
• The January 2021 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of MELVIN has not materially changed since January 2021.

How Large is MELVIN?

MELVIN is 74m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of detached houses houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heathfield, and where MELVIN lies on this distribution: 13% of detached houses houses are smaller than MELVIN, and 86% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

MELVIN: Plot and Title Map

MELVIN sits on a plot of roughly 0.169 of an acre, or 683m². The below map shows the location of MELVIN, 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 MELVIN). 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 MELVIN?

MELVIN is located on SHEEPSETTING LANE in CROSS IN HAND, in the TN21 postcode district. The below map shows the position of MELVIN on SHEEPSETTING LANE.