17, WALLACE CLOSE, TUNBRIDGE WELLS, TN2 5HW - £336,500

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.

17 WALLACE CLOSE is a midsized extended detached house of 142m², built sometime between 1967 and 1975, which could now be worth an estimated £716,819. It was last sold for £336,500 in June 2005, which was around 17% below the average June 2005 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was November 2024, where the current energy rating was C, and the potential energy rating was B.

17 WALLACE CLOSE Sold Prices

Land registry data shows two sales for 17 WALLACE 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 Tunbridge Wells local authority area for the corresponding sale date. Both of the two 17 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
2005 29 JUN	£336,500	£403,300	17% below HPI
2002 16 AUG	£245,000	£335,990	27% below HPI

17 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 two 17 WALLACE CLOSE sales from August 2002 and June 2005 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 August 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2005 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 17 WALLACE CLOSE be worth now?

17 WALLACE CLOSE might now be worth an estimated £716,819.

This is based on house price inflation of 113%, between June 2005 and February 2025, for detached houses, in the Tunbridge Wells local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 113% inflationary increase is applied to the most recent sale price for 17 WALLACE CLOSE of £336,500 on 29th June 2005. For the value to have increased from £336,500 to £716,819 over the twenty years and four months to February 2025, the following assumptions must hold true:

• The value of 17 WALLACE CLOSE has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The June 2005 sale price of £336,500 represented a fair market value for the property.
• The size, condition, and specification of 17 WALLACE CLOSE has not materially changed since June 2005.

How Large is 17 WALLACE CLOSE?

17 WALLACE CLOSE is 142m², which includes four extensions, according to the EPC inspection conducted in November 2024. This puts it in the smallest 50% of detached houses houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Royal Tunbridge Wells, and where 17 WALLACE CLOSE lies on this distribution: 45% of detached houses houses are smaller than 17 WALLACE CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

17 WALLACE CLOSE: Plot and Title Map

17 WALLACE CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 17 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 17 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 17 WALLACE CLOSE?

17 WALLACE CLOSE is located in TUNBRIDGE WELLS, in the TN2 postcode district. The below map shows the position of No. 17 on WALLACE CLOSE.