VERNON, MAIN STREET, PEASMARSH, RYE, TN31 6SU - £199,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

VERNON is a very small semi-detached house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £392,402. It was last sold for £199,950 in May 2006, which was around 3% above the average May 2006 semi-detached price in the Rother local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

VERNON Sold Prices

Land registry data shows three sales for VERNON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Rother local authority area for the corresponding sale date. Two of the three VERNON sales were for above the average price, whilst one was 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
2006 12 MAY	£199,950	£194,922	3% above HPI
2002 21 JUN	£149,000	£126,118	18% above HPI
1999 16 AUG	£70,000	£85,268	18% below HPI

VERNON Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rother local authority area over time, sourced from the HPI. The three VERNON sales between August 1999 and May 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 June 2002 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the May 2006 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might VERNON be worth now?

VERNON might now be worth an estimated £392,402.

This is based on house price inflation of 96.3%, between May 2006 and March 2025, for semi-detached houses, in the Rother local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 96.3% inflationary increase is applied to the most recent sale price for VERNON of £199,950 on 12th May 2006. For the value to have increased from £199,950 to £392,402 over the nineteen years and two months to March 2025, the following assumptions must hold true:

• The value of VERNON has moved in line with the HPI for semi-detached houses in the Rother local authority area.
• The May 2006 sale price of £199,950 represented a fair market value for the property.
• The size, condition, and specification of VERNON has not materially changed since May 2006.

How Large is VERNON?

VERNON is 63m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of semi-detached houses houses in Peasmarsh, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Peasmarsh, and where VERNON lies on this distribution: 6% of semi-detached houses houses are smaller than VERNON, and 94% of houses are larger. Note that EPC data is not available for all properties in Peasmarsh.

VERNON: Plot and Title Map

VERNON sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of VERNON, 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 VERNON). 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 VERNON?

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