RED RIDGES, LEWES ROAD, RINGMER, LEWES, BN8 5ES - £358,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RED RIDGES is a very small extended detached house of 93m², built sometime between 1930 and 1949. It was last sold for £358,000 in February 2013, which was around 2% below the average February 2013 detached price in the Lewes local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

RED RIDGES Sold Prices

Land registry data shows three sales for RED RIDGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Two of the three RED RIDGES sales were for below the average price, whilst one was 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
2013 4 FEB	£358,000	£364,854	2% below HPI
2005 23 MAR	£310,000	£296,762	4% above HPI
2002 26 SEP	£170,100	£234,674	28% below HPI

RED RIDGES 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 three RED RIDGES sales between September 2002 and February 2013 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 March 2005 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2013 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is RED RIDGES?

RED RIDGES is 93m², which includes two extensions, according to the EPC inspection conducted in April 2009. This puts it in the smallest 20% of detached houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses by size in Ringmer, and where RED RIDGES lies on this distribution: 17% of detached houses are smaller than RED RIDGES, and 83% of houses are larger. Note that EPC data is not available for all properties in Ringmer.

RED RIDGES: Plot and Title Map

RED RIDGES sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of RED RIDGES, 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 RIDGES). 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 RIDGES?

RED RIDGES is located on LEWES ROAD in RINGMER, in the BN8 postcode district. The below map shows the position of RED RIDGES on LEWES ROAD.