3, MEDWAY LANE, STONE CROSS, PEVENSEY, BN24 5PH - £340,000

3 MEDWAY LANE is a large detached house of 118m², built sometime between 1996 and 2002. It was last sold for £340,000 in December 2015, which was around 23% below the average December 2015 detached price in the Wealden local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

3 MEDWAY LANE Sold Prices

Land registry data shows four sales for 3 MEDWAY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the four 3 MEDWAY LANE 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 4 DEC	£340,000	£440,053	23% below HPI
2013 5 DEC	£285,000	£374,043	24% below HPI
2006 12 OCT	£265,000	£329,853	20% below HPI
1996 19 NOV	£95,000	£113,080	16% below HPI

3 MEDWAY LANE 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 four 3 MEDWAY LANE sales between November 1996 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 December 2013 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2015 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 3 MEDWAY LANE?

3 MEDWAY LANE is 118m² according to the EPC inspection conducted in May 2012. This puts it in the largest 40% of detached houses in Stone Cross, based on EPC data. The below chart shows the distribution of detached houses by size in Stone Cross, and where 3 MEDWAY LANE lies on this distribution: 66% of detached houses are smaller than 3 MEDWAY LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Stone Cross.

3 MEDWAY LANE: Plot and Title Map

3 MEDWAY LANE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 3 MEDWAY LANE, 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 3 MEDWAY LANE). 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 3 MEDWAY LANE?

3 MEDWAY LANE is located in STONE CROSS, in the BN24 postcode district. The below map shows the position of No. 3 on MEDWAY LANE.