24, PROSPECT PARK, SOUTHBOROUGH, TUNBRIDGE WELLS, TN4 0EQ - £490,000

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.

24 PROSPECT PARK is a midsized extended detached house of 131m², built sometime between 1983 and 1990, which could now be worth an estimated £708,989. It was last sold for £490,000 in November 2014, which was around 17% below the average November 2014 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

24 PROSPECT PARK Sold Prices

Land registry data shows two sales for 24 PROSPECT PARK 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 24 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
2014 28 NOV	£490,000	£593,758	17% below HPI
2007 9 NOV	£375,000	£500,879	25% below HPI

24 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 two 24 PROSPECT PARK sales from November 2007 and November 2014 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 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 24 PROSPECT PARK be worth now?

24 PROSPECT PARK might now be worth an estimated £708,989.

This is based on house price inflation of 44.7%, between November 2014 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 44.7% inflationary increase is applied to the most recent sale price for 24 PROSPECT PARK of £490,000 on 28th November 2014. For the value to have increased from £490,000 to £708,989 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 24 PROSPECT PARK has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The November 2014 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PROSPECT PARK has not materially changed since November 2014.

How Large is 24 PROSPECT PARK?

24 PROSPECT PARK is 131m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses houses in Southborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southborough, and where 24 PROSPECT PARK lies on this distribution: 42% of detached houses houses are smaller than 24 PROSPECT PARK, and 57% of houses are larger. Note that EPC data is not available for all properties in Southborough.

24 PROSPECT PARK: Plot and Title Map

24 PROSPECT PARK sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 24 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 24 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 24 PROSPECT PARK?

24 PROSPECT PARK is located in SOUTHBOROUGH, in the TN4 postcode district. The below map shows the position of No. 24 on PROSPECT PARK.