16, WALLACE CLOSE, TUNBRIDGE WELLS, TN2 5HW - £700,000

16 WALLACE CLOSE is a midsized extended detached house of 144m², built sometime between 1967 and 1975. It was last sold for £700,000 in October 2017, which was around 2% below the average October 2017 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

16 WALLACE CLOSE Sold Prices

Land registry data shows five sales for 16 WALLACE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the five 16 WALLACE 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
2017 19 OCT	£700,000	£714,835	2% below HPI
2013 16 DEC	£485,000	£557,703	13% below HPI
2006 12 JUN	£359,950	£442,911	19% below HPI
2002 22 MAR	£245,000	£320,710	24% below HPI
1999 15 OCT	£179,950	£234,131	23% below HPI

16 WALLACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tunbridge Wells local authority area over time, sourced from the HPI. The five 16 WALLACE CLOSE sales between October 1999 and October 2017 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 December 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2017 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 16 WALLACE CLOSE?

16 WALLACE CLOSE is 144m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% of detached houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Tunbridge Wells, and where 16 WALLACE CLOSE lies on this distribution: 47% of detached houses are smaller than 16 WALLACE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

16 WALLACE CLOSE: Plot and Title Map

16 WALLACE CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 16 WALLACE 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 16 WALLACE 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 16 WALLACE CLOSE?

16 WALLACE CLOSE is located in TUNBRIDGE WELLS, in the TN2 postcode district. The below map shows the position of No. 16 on WALLACE CLOSE.