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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CHESTNUT LANE is a very small extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £398,300 in May 2020, which was around 46% 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	£734,310	46% below HPI
2015 6 FEB	£365,000	£588,187	38% below HPI
2006 6 APR	£235,000	£429,326	45% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2020 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

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 in Matfield, based on EPC data. The below chart shows the distribution of detached houses by size in Matfield, and where 2 CHESTNUT LANE lies on this distribution: 11% of detached 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.