2, MARTELLO CLOSE, RYE, TN31 7TA - £550,000

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.

2 MARTELLO CLOSE is a very large detached house of 174m², built sometime between 2003 and 2006, which could now be worth an estimated £778,932. It was last sold for £550,000 in March 2016, which was around 35% above the average March 2016 detached price in the Rother local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was A.

2 MARTELLO CLOSE Sold Prices

Land registry data shows four sales for 2 MARTELLO CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rother local authority area for the corresponding sale date. Most of the four 2 MARTELLO CLOSE 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
2016 21 MAR	£550,000	£406,468	35% above HPI
2011 15 JUN	£410,000	£317,627	29% above HPI
2007 9 JAN	£360,000	£305,322	18% above HPI
2001 17 JUL	£160,000	£182,538	12% below HPI

2 MARTELLO CLOSE 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 four 2 MARTELLO CLOSE sales between July 2001 and March 2016 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 2011 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the March 2016 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 2 MARTELLO CLOSE be worth now?

2 MARTELLO CLOSE might now be worth an estimated £778,932.

This is based on house price inflation of 41.6%, between March 2016 and April 2026, for 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 41.6% inflationary increase is applied to the most recent sale price for 2 MARTELLO CLOSE of £550,000 on 21st March 2016. For the value to have increased from £550,000 to £778,932 over the nine years and eleven months to April 2026, the following assumptions must hold true:

• The value of 2 MARTELLO CLOSE has moved in line with the HPI for detached houses in the Rother local authority area.
• The March 2016 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARTELLO CLOSE has not materially changed since March 2016.

How Large is 2 MARTELLO CLOSE?

2 MARTELLO CLOSE is 174m² according to the EPC inspection conducted in November 2015. This puts it in the largest 20% of detached houses houses in Rye, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rye, and where 2 MARTELLO CLOSE lies on this distribution: 80% of detached houses houses are smaller than 2 MARTELLO CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Rye.

2 MARTELLO CLOSE: Plot and Title Map

2 MARTELLO CLOSE sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of 2 MARTELLO CLOSE, 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 2 MARTELLO CLOSE). 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 2 MARTELLO CLOSE?

2 MARTELLO CLOSE is located in RYE, in the TN31 postcode district. The below map shows the position of No. 2 on MARTELLO CLOSE.