THE FARTHINGS, MAIN STREET, PEASMARSH, RYE, TN31 6SY - £430,000

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

THE FARTHINGS is a small extended detached house of 84m², built sometime before 1900. It was last sold for £430,000 in March 2023, which was around 25% below the average March 2023 detached price in the Rother local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was E.

THE FARTHINGS Sold Prices

Land registry data shows five sales for THE FARTHINGS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Rother local authority area for the corresponding sale date. All of the five THE FARTHINGS 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
2023 7 MAR	£430,000	£572,007	25% below HPI
2018 14 DEC	£340,000	£449,463	24% below HPI
2017 5 JUL	£325,000	£425,521	24% below HPI
2014 16 JUN	£270,000	£339,814	21% below HPI
2004 19 OCT	£236,500	£288,062	18% below HPI

THE FARTHINGS 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 five THE FARTHINGS sales between October 2004 and March 2023 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 December 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is THE FARTHINGS?

THE FARTHINGS is 84m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 30% of detached houses in Peasmarsh, based on EPC data. The below chart shows the distribution of detached houses by size in Peasmarsh, and where THE FARTHINGS lies on this distribution: 29% of detached houses are smaller than THE FARTHINGS, and 71% of houses are larger. Note that EPC data is not available for all properties in Peasmarsh.

THE FARTHINGS: Plot and Title Map

THE FARTHINGS sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of THE FARTHINGS, 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 FARTHINGS). 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 FARTHINGS?

THE FARTHINGS is located on MAIN STREET in PEASMARSH, in the TN31 postcode district. The below map shows the position of THE FARTHINGS on MAIN STREET.