1, MILL WAY, POLEGATE, BN26 5NH - £340,000

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.

1 MILL WAY is a small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £451,011. It was last sold for £340,000 in December 2015, which was around 25% below the average December 2015 detached price in the Wealden local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was C.

1 MILL WAY Sold Prices

Land registry data shows two sales for 1 MILL WAY 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 1 MILL WAY 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
2015 21 DEC	£340,000	£455,918	25% below HPI
2013 22 NOV	£235,000	£388,051	39% below HPI

1 MILL WAY 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 1 MILL WAY sales from November 2013 and December 2015 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 November 2013 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 MILL WAY be worth now?

1 MILL WAY might now be worth an estimated £451,011.

This is based on house price inflation of 32.7%, between December 2015 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.7% inflationary increase is applied to the most recent sale price for 1 MILL WAY of £340,000 on 21st December 2015. For the value to have increased from £340,000 to £451,011 over the ten years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 MILL WAY has moved in line with the HPI for detached houses in the Wealden local authority area.
• The December 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL WAY has not materially changed since December 2015.

How Large is 1 MILL WAY?

1 MILL WAY is 78m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses houses in Wannock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wannock, and where 1 MILL WAY lies on this distribution: 37% of detached houses houses are smaller than 1 MILL WAY, and 60% of houses are larger. Note that EPC data is not available for all properties in Wannock.

1 MILL WAY: Plot and Title Map

1 MILL WAY sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 1 MILL WAY, 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 1 MILL WAY). 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 1 MILL WAY?

1 MILL WAY is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 1 on MILL WAY.