8, MILL CLOSE, POLEGATE, BN26 5PD - £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.

8 MILL CLOSE is a very large detached house of 142m², built sometime between 1950 and 1966, which could now be worth an estimated £580,277. It was last sold for £480,000 in May 2018, which was around 4% below the average May 2018 detached price in the Wealden local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

8 MILL CLOSE Sold Prices

Land registry data shows four sales for 8 MILL 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 Wealden local authority area for the corresponding sale date. All of the four 8 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
2018 25 MAY	£480,000	£499,956	4% below HPI
2015 25 SEP	£310,000	£448,392	31% below HPI
2014 20 NOV	£295,000	£415,696	29% below HPI
1995 7 DEC	£82,000	£107,348	24% below HPI

8 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 four 8 MILL CLOSE sales between December 1995 and May 2018 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 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2018 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 8 MILL CLOSE be worth now?

8 MILL CLOSE might now be worth an estimated £580,277.

This is based on house price inflation of 20.9%, between May 2018 and June 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 20.9% inflationary increase is applied to the most recent sale price for 8 MILL CLOSE of £480,000 on 25th May 2018. For the value to have increased from £480,000 to £580,277 over the six years and eleven months to June 2025, the following assumptions must hold true:

• The value of 8 MILL CLOSE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The May 2018 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL CLOSE has not materially changed since May 2018.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 142m² according to the EPC inspection conducted in October 2016. This puts it in the largest 10% 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 8 MILL CLOSE lies on this distribution: 96% of detached houses houses are smaller than 8 MILL CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Wannock.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 8 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 8 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 8 MILL CLOSE?

8 MILL CLOSE is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 8 on MILL CLOSE.