OAKLEA, SOUTH CHAILEY, LEWES, BN8 4AB - £549,000

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.

OAKLEA is a large extended detached house of 164m², built sometime between 1930 and 1949, which could now be worth an estimated £528,121. It was last sold for £549,000 in July 2024, which was around 10% below the average July 2024 detached price in the Lewes local authority area. The most recent EPC inspection was October 2014, where the current energy rating was F, and the potential energy rating was C.

OAKLEA Sold Prices

Land registry data shows four sales for OAKLEA 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 OAKLEA 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
2024 16 JUL	£549,000	£606,631	10% below HPI
2014 17 JUL	£350,000	£408,627	14% below HPI
2002 20 SEP	£270,000	£248,903	8% above HPI
1999 15 NOV	£165,000	£163,161	1% above HPI

OAKLEA 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 OAKLEA sales between November 1999 and July 2024 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 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2024 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might OAKLEA be worth now?

OAKLEA might now be worth an estimated £528,121.

This is based on house price deflation of 3.8%, between July 2024 and February 2025, 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 3.8% deflationary decrease is applied to the most recent sale price for OAKLEA of £549,000 on 16th July 2024. For the value to have decreased from £549,000 to £528,121 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of OAKLEA has moved in line with the HPI for detached houses in the Lewes local authority area.
• The July 2024 sale price of £549,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLEA has not materially changed since July 2024.

How Large is OAKLEA?

OAKLEA is 164m², which includes three extensions, according to the EPC inspection conducted in October 2014. This puts it in the largest 30% of detached houses houses in South Chailey, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Chailey, and where OAKLEA lies on this distribution: 72% of detached houses houses are smaller than OAKLEA, and 28% of houses are larger. Note that EPC data is not available for all properties in South Chailey.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.163 of an acre, or 659m². 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 in SOUTH CHAILEY, in the BN8 postcode district. The below map shows the position of OAKLEA in SOUTH CHAILEY.