PENNY COTTAGE, THE GREEN, NEWICK, LEWES, BN8 4LA - £495,000

PENNY COTTAGE is a very small extended detached house of 71m², built sometime between 2003 and 2006. It was last sold for £495,000 in October 2012, which was around 39% above the average October 2012 detached price in the Lewes local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

PENNY COTTAGE Sold Prices

Land registry data shows three sales for PENNY COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lewes local authority area for the corresponding sale date. Two of the three PENNY COTTAGE sales were for above the average price, whilst one was 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
2012 30 OCT	£495,000	£354,937	39% above HPI
2007 23 FEB	£460,000	£335,732	37% above HPI
2006 10 MAY	£130,000	£305,098	57% below HPI

PENNY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lewes local authority area over time, sourced from the HPI. The three PENNY COTTAGE sales between May 2006 and October 2012 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 February 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2012 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is PENNY COTTAGE?

PENNY COTTAGE is 71m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses in Newick, based on EPC data. The below chart shows the distribution of detached houses by size in Newick, and where PENNY COTTAGE lies on this distribution: 2% of detached houses are smaller than PENNY COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Newick.

PENNY COTTAGE: Plot and Title Map

PENNY COTTAGE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of PENNY COTTAGE, 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 PENNY COTTAGE). 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 PENNY COTTAGE?

PENNY COTTAGE is located on THE GREEN in NEWICK, in the BN8 postcode district. The below map shows the position of PENNY COTTAGE on THE GREEN.