3, MILL WAY, POLEGATE, BN26 5NH - £345,000

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 WAY is a midsized detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £449,343. It was last sold for £345,000 in January 2016, which was around 26% below the average January 2016 detached price in the Wealden local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

3 MILL WAY Sold Prices

Land registry data shows three sales for 3 MILL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the three 3 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
2016 7 JAN	£345,000	£464,340	26% below HPI
2004 7 SEP	£275,950	£326,355	15% below HPI
2002 4 OCT	£195,000	£280,348	30% below HPI

3 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 three 3 MILL WAY sales between October 2002 and January 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 September 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 MILL WAY be worth now?

3 MILL WAY might now be worth an estimated £449,343.

This is based on house price inflation of 30.2%, between January 2016 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 30.2% inflationary increase is applied to the most recent sale price for 3 MILL WAY of £345,000 on 7th January 2016. For the value to have increased from £345,000 to £449,343 over the eight years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 MILL WAY has moved in line with the HPI for detached houses in the Wealden local authority area.
• The January 2016 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL WAY has not materially changed since January 2016.

How Large is 3 MILL WAY?

3 MILL WAY is 82m² according to the EPC inspection conducted in June 2014. This puts it in the largest 50% 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 3 MILL WAY lies on this distribution: 50% of detached houses houses are smaller than 3 MILL WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Wannock.

3 MILL WAY: Plot and Title Map

3 MILL WAY sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 3 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 3 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 3 MILL WAY?

3 MILL WAY is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 3 on MILL WAY.