2, PROSPECT PARK, SOUTHBOROUGH, TUNBRIDGE WELLS, TN4 0EQ - £610,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 PROSPECT PARK is a small detached house of 118m², built sometime between 1983 and 1990. It was last sold for £610,000 in July 2018, which was around 19% below the average July 2018 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

2 PROSPECT PARK Sold Prices

Land registry data shows three sales for 2 PROSPECT PARK 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 PROSPECT PARK 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
2018 27 JUL	£610,000	£748,560	19% below HPI
2010 4 NOV	£425,000	£501,014	15% below HPI
2002 14 NOV	£307,000	£358,249	14% below HPI

2 PROSPECT PARK 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 PROSPECT PARK sales between November 2002 and July 2018 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 November 2010 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 2 PROSPECT PARK?

2 PROSPECT PARK is 118m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 30% of detached houses in Southborough, based on EPC data. The below chart shows the distribution of detached houses by size in Southborough, and where 2 PROSPECT PARK lies on this distribution: 27% of detached houses are smaller than 2 PROSPECT PARK, and 72% of houses are larger. Note that EPC data is not available for all properties in Southborough.

2 PROSPECT PARK: Plot and Title Map

2 PROSPECT PARK sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of 2 PROSPECT PARK, 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 PROSPECT PARK). 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 PROSPECT PARK?

2 PROSPECT PARK is located in SOUTHBOROUGH, in the TN4 postcode district. The below map shows the position of No. 2 on PROSPECT PARK.