23, CHIEVELEY DRIVE, TUNBRIDGE WELLS, TN2 5HG - £565,000

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.

23 CHIEVELEY DRIVE is a very small detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £590,578. It was last sold for £565,000 in March 2022, which was around 31% below the average March 2022 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

23 CHIEVELEY DRIVE Sold Prices

Land registry data shows three sales for 23 CHIEVELEY DRIVE 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 23 CHIEVELEY DRIVE 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
2022 31 MAR	£565,000	£821,910	31% below HPI
2012 24 FEB	£310,000	£494,208	37% below HPI
2001 24 JUL	£197,250	£294,978	33% below HPI

23 CHIEVELEY DRIVE 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 23 CHIEVELEY DRIVE sales between July 2001 and March 2022 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 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 23 CHIEVELEY DRIVE be worth now?

23 CHIEVELEY DRIVE might now be worth an estimated £590,578.

This is based on house price inflation of 4.5%, between March 2022 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 4.5% inflationary increase is applied to the most recent sale price for 23 CHIEVELEY DRIVE of £565,000 on 31st March 2022. For the value to have increased from £565,000 to £590,578 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 23 CHIEVELEY DRIVE has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The March 2022 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 23 CHIEVELEY DRIVE has not materially changed since March 2022.

How Large is 23 CHIEVELEY DRIVE?

23 CHIEVELEY DRIVE is 92m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% 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 23 CHIEVELEY DRIVE lies on this distribution: 11% of detached houses houses are smaller than 23 CHIEVELEY DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

23 CHIEVELEY DRIVE: Plot and Title Map

23 CHIEVELEY DRIVE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 23 CHIEVELEY DRIVE, 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 23 CHIEVELEY DRIVE). 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 23 CHIEVELEY DRIVE?

23 CHIEVELEY DRIVE is located in TUNBRIDGE WELLS, in the TN2 postcode district. The below map shows the position of No. 23 on CHIEVELEY DRIVE.