2, THE RIDGE, FERN CLOSE, EASTBOURNE, BN23 8FG - £425,000

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 THE RIDGE is a midsized detached house of 107m², built in 2020, which could now be worth an estimated £372,946. It was last sold for £425,000 in September 2022, which was around 27% below the average September 2022 detached price in the Eastbourne local authority area. The most recent EPC inspection was June 2022, where the current energy rating was B, and the potential energy rating was A.

2 THE RIDGE Sold Prices

Land registry data shows two sales for 2 THE RIDGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Eastbourne local authority area for the corresponding sale date. Both of the two 2 THE RIDGE 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
2022 22 SEP	£425,000	£580,491	27% below HPI
2019 13 DEC	£100,000	£443,466	77% below HPI

2 THE RIDGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastbourne local authority area over time, sourced from the HPI. The two 2 THE RIDGE sales from December 2019 and September 2022 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 2019 sale was for 77% below the HPI. So the extrapolation line tracks at 77% below the HPI over time, until the September 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 THE RIDGE be worth now?

2 THE RIDGE might now be worth an estimated £372,946.

This is based on house price deflation of 12.2%, between September 2022 and June 2025, for detached houses, in the Eastbourne local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.2% deflationary decrease is applied to the most recent sale price for 2 THE RIDGE of £425,000 on 22nd September 2022. For the value to have decreased from £425,000 to £372,946 over the three years and three months to June 2025, the following assumptions must hold true:

• The value of 2 THE RIDGE has moved in line with the HPI for detached houses in the Eastbourne local authority area.
• The September 2022 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE RIDGE has not materially changed since September 2022.

How Large is 2 THE RIDGE?

2 THE RIDGE is 107m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 50% of detached houses houses in Eastbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eastbourne, and where 2 THE RIDGE lies on this distribution: 48% of detached houses houses are smaller than 2 THE RIDGE, and 51% of houses are larger. Note that EPC data is not available for all properties in Eastbourne.

2 THE RIDGE: Plot and Title Map

2 THE RIDGE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 2 THE RIDGE, 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 THE RIDGE). 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 THE RIDGE?

2 THE RIDGE is located on FERN CLOSE in EASTBOURNE, in the BN23 postcode district. The below map shows the position of 2 THE RIDGE on FERN CLOSE.