2, CHESTNUT LANE, MATFIELD, TONBRIDGE, TN12 7JL - £398,300

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.

2 CHESTNUT LANE is a very small extended detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £476,970. It was last sold for £398,300 in May 2020, which was around 44% below the average May 2020 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was June 2015, where the current energy rating was F, and the potential energy rating was A.

2 CHESTNUT LANE Sold Prices

Land registry data shows three sales for 2 CHESTNUT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the three 2 CHESTNUT LANE 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
2020 1 MAY	£398,300	£717,418	44% below HPI
2015 6 FEB	£365,000	£574,656	36% below HPI
2006 6 APR	£235,000	£419,450	44% below HPI

2 CHESTNUT LANE 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 three 2 CHESTNUT LANE sales between April 2006 and May 2020 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 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2020 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 2 CHESTNUT LANE be worth now?

2 CHESTNUT LANE might now be worth an estimated £476,970.

This is based on house price inflation of 19.8%, between May 2020 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 19.8% inflationary increase is applied to the most recent sale price for 2 CHESTNUT LANE of £398,300 on 1st May 2020. For the value to have increased from £398,300 to £476,970 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of 2 CHESTNUT LANE has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The May 2020 sale price of £398,300 represented a fair market value for the property.
• The size, condition, and specification of 2 CHESTNUT LANE has not materially changed since May 2020.

How Large is 2 CHESTNUT LANE?

2 CHESTNUT LANE is 93m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 20% of detached houses houses in Matfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Matfield, and where 2 CHESTNUT LANE lies on this distribution: 11% of detached houses houses are smaller than 2 CHESTNUT LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Matfield.

2 CHESTNUT LANE: Plot and Title Map

2 CHESTNUT LANE sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 2 CHESTNUT LANE, 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 2 CHESTNUT LANE). 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 2 CHESTNUT LANE?

2 CHESTNUT LANE is located in MATFIELD, in the TN12 postcode district. The below map shows the position of No. 2 on CHESTNUT LANE.