THE CEDARS, OLD LANE, MAYFIELD, TN20 6AU - £1,070,000

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

THE CEDARS is a very large extended detached house of 243m², built sometime between 1983 and 1990. It was last sold for £1,070,000 in August 2022, which was around 78% above the average August 2022 detached price in the Wealden local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

THE CEDARS Sold Prices

Land registry data shows two sales for THE CEDARS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Both of the two THE CEDARS 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
2022 8 AUG	£1,070,000	£600,566	78% above HPI
1999 29 OCT	£335,000	£165,667	102% above HPI

THE CEDARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The two THE CEDARS sales from October 1999 and August 2022 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 1999 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the August 2022 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is THE CEDARS?

THE CEDARS is 243m², which includes two extensions, according to the EPC inspection conducted in September 2017. This puts it in the largest 20% of detached houses in Mayfield, based on EPC data. The below chart shows the distribution of detached houses by size in Mayfield, and where THE CEDARS lies on this distribution: 84% of detached houses are smaller than THE CEDARS, and 16% of houses are larger. Note that EPC data is not available for all properties in Mayfield.

THE CEDARS: Plot and Title Map

THE CEDARS sits on a plot of roughly 0.719 of an acre, or 2,911m². The below map shows the location of THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

THE CEDARS is located on OLD LANE in MAYFIELD, in the TN20 postcode district. The below map shows the position of THE CEDARS on OLD LANE.