3, MILL GARDENS, RINGMER, LEWES, BN8 5JD - £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.

3 MILL GARDENS is a very small extended detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £580,340. It was last sold for £550,000 in October 2021, which was around 3% below the average October 2021 detached price in the Lewes local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

3 MILL GARDENS Sold Prices

Land registry data shows three sales for 3 MILL GARDENS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Two of the three 3 MILL GARDENS sales were for below the average price, whilst one was 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
2021 8 OCT	£550,000	£568,168	3% below HPI
2011 22 FEB	£435,000	£366,041	19% above HPI
1999 9 APR	£105,000	£144,552	27% below HPI

3 MILL GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The three 3 MILL GARDENS sales between April 1999 and October 2021 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 February 2011 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the October 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 MILL GARDENS be worth now?

3 MILL GARDENS might now be worth an estimated £580,340.

This is based on house price inflation of 5.5%, between October 2021 and April 2026, for detached houses, in the Lewes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.5% inflationary increase is applied to the most recent sale price for 3 MILL GARDENS of £550,000 on 8th October 2021. For the value to have increased from £550,000 to £580,340 over the five years and six months to April 2026, the following assumptions must hold true:

• The value of 3 MILL GARDENS has moved in line with the HPI for detached houses in the Lewes local authority area.
• The October 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL GARDENS has not materially changed since October 2021.

How Large is 3 MILL GARDENS?

3 MILL GARDENS is 91m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses houses in Ringmer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ringmer, and where 3 MILL GARDENS lies on this distribution: 15% of detached houses houses are smaller than 3 MILL GARDENS, and 83% of houses are larger. Note that EPC data is not available for all properties in Ringmer.

3 MILL GARDENS: Plot and Title Map

3 MILL GARDENS sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of 3 MILL GARDENS, 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 MILL GARDENS). 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 MILL GARDENS?

3 MILL GARDENS is located in RINGMER, in the BN8 postcode district. The below map shows the position of No. 3 on MILL GARDENS.