REEVE COTTAGE, STATION ROAD, NORTH CHAILEY, LEWES, BN8 4HG - £574,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

REEVE COTTAGE is a very small detached house of 87m², built sometime between 1930 and 1949. It was last sold for £574,000 in August 2024, which was around 6% below the average August 2024 detached price in the Lewes local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was C.

REEVE COTTAGE Sold Prices

Land registry data shows four sales for REEVE COTTAGE 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 REEVE COTTAGE 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 22 AUG	£574,000	£609,695	6% below HPI
2020 12 OCT	£487,500	£542,690	10% below HPI
1997 29 SEP	£155,000	£120,241	29% above HPI
1995 23 OCT	£107,900	£98,325	10% above HPI

REEVE COTTAGE 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 REEVE COTTAGE sales between October 1995 and August 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 October 2020 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might REEVE COTTAGE be worth now?

REEVE COTTAGE might now be worth an estimated £552,165.

This is based on house price deflation of 3.8%, between August 2024 and December 2024, 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 REEVE COTTAGE of £574,000 on 22nd August 2024. For the value to have decreased from £574,000 to £552,165 over the eight months to December 2024, the following assumptions must hold true:

• The value of REEVE COTTAGE has moved in line with the HPI for detached houses in the Lewes local authority area.
• The August 2024 sale price of £574,000 represented a fair market value for the property.
• The size, condition, and specification of REEVE COTTAGE has not materially changed since August 2024.

How Large is REEVE COTTAGE?

REEVE COTTAGE is 87m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 10% of detached houses houses in North Chailey, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Chailey, and where REEVE COTTAGE lies on this distribution: 10% of detached houses houses are smaller than REEVE COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in North Chailey.

REEVE COTTAGE: Plot and Title Map

REEVE COTTAGE sits on a plot of roughly 0.292 of an acre, or 1,182m². The below map shows the location of REEVE COTTAGE, 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 REEVE COTTAGE). 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 REEVE COTTAGE?

REEVE COTTAGE is located on STATION ROAD in NORTH CHAILEY, in the BN8 postcode district. The below map shows the position of REEVE COTTAGE on STATION ROAD.