SPRING WATER, FARLEY WAY, FAIRLIGHT, HASTINGS, TN35 4AS - £245,000

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

SPRING WATER is a very small detached house of 69m², built sometime between 2007 and 2011. It was last sold for £245,000 in February 2010, which was around 21% below the average February 2010 detached price in the Rother local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

SPRING WATER Sold Prices

Land registry data shows two sales for SPRING WATER since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rother local authority area for the corresponding sale date. Both of the two SPRING WATER sales were for below 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
2010 26 FEB	£245,000	£308,787	21% below HPI
2007 24 JUL	£240,000	£330,690	27% below HPI

SPRING WATER 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 two SPRING WATER sales from July 2007 and February 2010 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 July 2007 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2010 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is SPRING WATER?

SPRING WATER is 69m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% of detached houses in Fairlight Cove, based on EPC data. The below chart shows the distribution of detached houses by size in Fairlight Cove, and where SPRING WATER lies on this distribution: 4% of detached houses are smaller than SPRING WATER, and 96% of houses are larger. Note that EPC data is not available for all properties in Fairlight Cove.

SPRING WATER: Plot and Title Map

SPRING WATER sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of SPRING WATER, 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 SPRING WATER). 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 SPRING WATER?

SPRING WATER is located on FARLEY WAY in FAIRLIGHT, in the TN35 postcode district. The below map shows the position of SPRING WATER on FARLEY WAY.