3, SMITHYS CLOSE, ST LEONARDS-ON-SEA, TN37 7SU - £278,000

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 SMITHYS CLOSE is a small extended detached house of 88m², built sometime between 1991 and 1995, which could now be worth an estimated £396,549. It was last sold for £278,000 in June 2016, which was around 20% below the average June 2016 detached price in the Hastings local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

3 SMITHYS CLOSE Sold Prices

Land registry data shows four sales for 3 SMITHYS 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 Hastings local authority area for the corresponding sale date. All of the four 3 SMITHYS CLOSE 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 10 JUN	£278,000	£348,108	20% below HPI
2005 6 OCT	£180,000	£237,032	24% below HPI
1997 21 FEB	£59,950	£78,084	23% below HPI
1996 29 FEB	£60,000	£70,366	15% below HPI

3 SMITHYS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hastings local authority area over time, sourced from the HPI. The four 3 SMITHYS CLOSE sales between February 1996 and June 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 October 2005 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2016 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 3 SMITHYS CLOSE be worth now?

3 SMITHYS CLOSE might now be worth an estimated £396,549.

This is based on house price inflation of 42.6%, between June 2016 and June 2025, for detached houses, in the Hastings local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.6% inflationary increase is applied to the most recent sale price for 3 SMITHYS CLOSE of £278,000 on 10th June 2016. For the value to have increased from £278,000 to £396,549 over the nine years to June 2025, the following assumptions must hold true:

• The value of 3 SMITHYS CLOSE has moved in line with the HPI for detached houses in the Hastings local authority area.
• The June 2016 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SMITHYS CLOSE has not materially changed since June 2016.

How Large is 3 SMITHYS CLOSE?

3 SMITHYS CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 30% of detached houses houses in Hastings, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hastings, and where 3 SMITHYS CLOSE lies on this distribution: 27% of detached houses houses are smaller than 3 SMITHYS CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Hastings.

3 SMITHYS CLOSE: Plot and Title Map

3 SMITHYS CLOSE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 3 SMITHYS 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 3 SMITHYS 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 3 SMITHYS CLOSE?

3 SMITHYS CLOSE is located in ST. LEONARDS-ON-SEA, in the TN37 postcode district. The below map shows the position of No. 3 on SMITHYS CLOSE.