PRIMROSES, MALTHOUSE LANE, PEASMARSH, RYE, TN31 6TA - £495,000

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.

PRIMROSES is a small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £580,773. It was last sold for £495,000 in November 2020, which was about the average November 2020 detached price in the Rother local authority area. The most recent EPC inspection was January 2012, where the current energy rating was F, and the potential energy rating was E.

PRIMROSES Sold Prices

Land registry data shows three sales for PRIMROSES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rother local authority area for the corresponding sale date. The three PRIMROSES sales were a mix of roughly equal to the average price, and 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
2020 12 NOV	£495,000	£493,203	Close to HPI
2017 19 JAN	£480,000	£417,652	15% above HPI
1997 30 OCT	£126,500	£115,954	9% above HPI

PRIMROSES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rother local authority area over time, sourced from the HPI. The three PRIMROSES sales between October 1997 and November 2020 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 January 2017 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2020 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might PRIMROSES be worth now?

PRIMROSES might now be worth an estimated £580,773.

This is based on house price inflation of 17.3%, between November 2020 and March 2025, for detached houses, in the Rother local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.3% inflationary increase is applied to the most recent sale price for PRIMROSES of £495,000 on 12th November 2020. For the value to have increased from £495,000 to £580,773 over the five years and eight months to March 2025, the following assumptions must hold true:

• The value of PRIMROSES has moved in line with the HPI for detached houses in the Rother local authority area.
• The November 2020 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of PRIMROSES has not materially changed since November 2020.

How Large is PRIMROSES?

PRIMROSES is 91m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses houses in Peasmarsh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peasmarsh, and where PRIMROSES lies on this distribution: 35% of detached houses houses are smaller than PRIMROSES, and 65% of houses are larger. Note that EPC data is not available for all properties in Peasmarsh.

PRIMROSES: Plot and Title Map

PRIMROSES sits on a plot of roughly 0.587 of an acre, or 2,377m². The below map shows the location of PRIMROSES, 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 PRIMROSES). 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 PRIMROSES?

PRIMROSES is located on MALTHOUSE LANE in PEASMARSH, in the TN31 postcode district. The below map shows the position of PRIMROSES on MALTHOUSE LANE.