5, RICHBOROUGH CLOSE, HASTINGS, TN34 2PB - £480,000

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.

5 RICHBOROUGH CLOSE is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £455,850. It was last sold for £480,000 in April 2022, which was around 7% below the average April 2022 detached price in the Hastings local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

5 RICHBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 5 RICHBOROUGH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hastings local authority area for the corresponding sale date. Both of the two 5 RICHBOROUGH 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
2022 27 APR	£480,000	£514,953	7% below HPI
2017 14 JUL	£285,000	£384,292	26% below HPI

5 RICHBOROUGH 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 two 5 RICHBOROUGH CLOSE sales from July 2017 and April 2022 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 July 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 5 RICHBOROUGH CLOSE be worth now?

5 RICHBOROUGH CLOSE might now be worth an estimated £455,850.

This is based on house price deflation of 5%, between April 2022 and February 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 5% deflationary decrease is applied to the most recent sale price for 5 RICHBOROUGH CLOSE of £480,000 on 27th April 2022. For the value to have decreased from £480,000 to £455,850 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 5 RICHBOROUGH CLOSE has moved in line with the HPI for detached houses in the Hastings local authority area.
• The April 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RICHBOROUGH CLOSE has not materially changed since April 2022.

How Large is 5 RICHBOROUGH CLOSE?

5 RICHBOROUGH CLOSE is 78m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 20% 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 5 RICHBOROUGH CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 RICHBOROUGH CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Hastings.

5 RICHBOROUGH CLOSE: Plot and Title Map

5 RICHBOROUGH CLOSE sits on a plot of roughly 0.256 of an acre, or 1,037m². The below map shows the location of 5 RICHBOROUGH 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 RICHBOROUGH 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 RICHBOROUGH CLOSE?

5 RICHBOROUGH CLOSE is located in HASTINGS, in the TN34 postcode district. The below map shows the position of No. 5 on RICHBOROUGH CLOSE.