5, MILL CLOSE, POLEGATE, BN26 5PD - £355,000

5 MILL CLOSE is a large detached house of 97m², built sometime between 1967 and 1975. It was last sold for £355,000 in May 2020, which was around 30% below the average May 2020 detached price in the Wealden local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

5 MILL CLOSE Sold Prices

Land registry data shows three sales for 5 MILL CLOSE 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 5 MILL 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
2020 21 MAY	£355,000	£506,454	30% below HPI
1998 22 MAY	£122,500	£140,064	13% below HPI
1995 28 APR	£82,000	£110,114	26% below HPI

5 MILL CLOSE 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 5 MILL CLOSE sales between April 1995 and May 2020 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 May 1998 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2020 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 MILL CLOSE?

5 MILL CLOSE is 97m² according to the EPC inspection conducted in November 2019. This puts it in the largest 30% of detached houses in Wannock, based on EPC data. The below chart shows the distribution of detached houses by size in Wannock, and where 5 MILL CLOSE lies on this distribution: 75% of detached houses are smaller than 5 MILL CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Wannock.

5 MILL CLOSE: Plot and Title Map

5 MILL CLOSE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 5 MILL 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 5 MILL 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 5 MILL CLOSE?

5 MILL CLOSE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 5 on MILL CLOSE.