OAKLEA, LONDON ROAD, EAST GRINSTEAD, RH19 1QW - £490,000

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

OAKLEA is a very large extended detached house of 176m², built sometime between 1900 and 1929. It was last sold for £490,000 in September 2016, which was around 16% below the average September 2016 detached price in the Mid Sussex local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was C.

OAKLEA Sold Prices

Land registry data shows three sales for OAKLEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mid Sussex local authority area for the corresponding sale date. All of the three OAKLEA 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
2016 29 SEP	£490,000	£586,005	16% below HPI
1999 5 NOV	£155,000	£204,857	24% below HPI
1996 21 JUN	£105,000	£124,318	16% below HPI

OAKLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Sussex local authority area over time, sourced from the HPI. The three OAKLEA sales between June 1996 and September 2016 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 November 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is OAKLEA?

OAKLEA is 176m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 20% of detached houses in East Grinstead, based on EPC data. The below chart shows the distribution of detached houses by size in East Grinstead, and where OAKLEA lies on this distribution: 88% of detached houses are smaller than OAKLEA, and 12% of houses are larger. Note that EPC data is not available for all properties in East Grinstead.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of OAKLEA, 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 OAKLEA). 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 OAKLEA?

OAKLEA is located on LONDON ROAD in EAST GRINSTEAD, in the RH19 postcode district. The below map shows the position of OAKLEA on LONDON ROAD.