THE CHERRIES, POOK REED LANE, HEATHFIELD, TN21 0XR - £612,500

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

THE CHERRIES is a large detached house of 148m², built sometime between 1950 and 1966. It was last sold for £612,500 in October 2020, which was around 18% above the average October 2020 detached price in the Wealden local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was C.

THE CHERRIES Sold Prices

Land registry data shows four sales for THE CHERRIES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the four THE CHERRIES 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
2020 27 OCT	£612,500	£519,432	18% above HPI
2009 2 SEP	£430,000	£334,642	28% above HPI
2000 21 AUG	£315,000	£194,547	62% above HPI
1996 28 JUN	£135,000	£105,958	27% above HPI

THE CHERRIES 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 four THE CHERRIES sales between June 1996 and October 2020 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 September 2009 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the October 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is THE CHERRIES?

THE CHERRIES is 148m² according to the EPC inspection conducted in August 2017. This puts it in the largest 30% of detached houses in Heathfield, based on EPC data. The below chart shows the distribution of detached houses by size in Heathfield, and where THE CHERRIES lies on this distribution: 76% of detached houses are smaller than THE CHERRIES, and 23% of houses are larger. Note that EPC data is not available for all properties in Heathfield.

THE CHERRIES: Plot and Title Map

THE CHERRIES sits on a plot of roughly 0.540 of an acre, or 2,187m². The below map shows the location of THE CHERRIES, 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 CHERRIES). 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 CHERRIES?

THE CHERRIES is located on POOK REED LANE in HEATHFIELD, in the TN21 postcode district. The below map shows the position of THE CHERRIES on POOK REED LANE.