RED LODGE, PETT LEVEL ROAD, PETT LEVEL, HASTINGS, TN35 4EE - £675,000

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

RED LODGE is a very large extended detached house of 187m², built sometime between 2003 and 2006. It was last sold for £675,000 in October 2021, which was around 31% above the average October 2021 detached price in the Rother local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

RED LODGE Sold Prices

Land registry data shows five sales for RED LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rother local authority area for the corresponding sale date. All of the five RED LODGE 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
2021 22 OCT	£675,000	£516,602	31% above HPI
2015 23 JUN	£530,000	£354,576	49% above HPI
2011 20 JUL	£520,000	£315,985	65% above HPI
2009 22 APR	£460,000	£261,097	76% above HPI
2002 19 DEC	£249,000	£239,411	4% above HPI

RED LODGE 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 five RED LODGE sales between December 2002 and October 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 June 2015 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the October 2021 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is RED LODGE?

RED LODGE is 187m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses in Pett, based on EPC data. The below chart shows the distribution of detached houses by size in Pett, and where RED LODGE lies on this distribution: 80% of detached houses are smaller than RED LODGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Pett.

RED LODGE: Plot and Title Map

RED LODGE sits on a plot of roughly 0.192 of an acre, or 779m². The below map shows the location of RED LODGE, 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 RED LODGE). 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 RED LODGE?

RED LODGE is located on PETT LEVEL ROAD in PETT LEVEL, in the TN35 postcode district. The below map shows the position of RED LODGE on PETT LEVEL ROAD.