RIDGELAND, STATION ROAD, NORTH CHAILEY, LEWES, BN8 4HG - £395,000

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

RIDGELAND is a large detached house of 153m², built sometime between 1967 and 1975. It was last sold for £395,000 in June 2006, which was around 19% above the average June 2006 detached price in the Lewes local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

RIDGELAND Sold Prices

Land registry data shows two sales for RIDGELAND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Both of the two RIDGELAND 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
2006 12 JUN	£395,000	£330,595	19% above HPI
2004 5 OCT	£370,000	£314,549	18% above HPI

RIDGELAND 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 two RIDGELAND sales from October 2004 and June 2006 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 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2006 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might RIDGELAND be worth now?

RIDGELAND might now be worth an estimated £700,762.

This is based on house price inflation of 77.4%, between June 2006 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 77.4% inflationary increase is applied to the most recent sale price for RIDGELAND of £395,000 on 12th June 2006. For the value to have increased from £395,000 to £700,762 over the seventeen years and six months to December 2024, the following assumptions must hold true:

• The value of RIDGELAND has moved in line with the HPI for detached houses in the Lewes local authority area.
• The June 2006 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGELAND has not materially changed since June 2006.

How Large is RIDGELAND?

RIDGELAND is 153m² according to the EPC inspection conducted in September 2023. This puts it in the largest 40% 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 RIDGELAND lies on this distribution: 64% of detached houses houses are smaller than RIDGELAND, and 34% of houses are larger. Note that EPC data is not available for all properties in North Chailey.

RIDGELAND: Plot and Title Map

RIDGELAND sits on a plot of roughly 0.212 of an acre, or 859m². The below map shows the location of RIDGELAND, 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 RIDGELAND). 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 RIDGELAND?

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