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

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

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 27% 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	£311,696	27% above HPI
2004 5 OCT	£370,000	£296,567	25% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the June 2006 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

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 in North Chailey, based on EPC data. The below chart shows the distribution of detached houses by size in North Chailey, and where RIDGELAND lies on this distribution: 64% of detached 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.