28, THE RIDGEWAYE, SOUTHBOROUGH, TUNBRIDGE WELLS, TN4 0AD - £641,000

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

28 THE RIDGEWAYE is a small extended detached house of 130m², built sometime between 1950 and 1966. It was last sold for £641,000 in April 2021, which was around 18% below the average April 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

28 THE RIDGEWAYE Sold Prices

Land registry data shows two sales for 28 THE RIDGEWAYE 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 28 THE RIDGEWAYE 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
2021 29 APR	£641,000	£777,230	18% below HPI
2007 31 MAY	£350,000	£472,673	26% below HPI

28 THE RIDGEWAYE 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 28 THE RIDGEWAYE sales from May 2007 and April 2021 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 May 2007 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 28 THE RIDGEWAYE?

28 THE RIDGEWAYE is 130m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 40% of detached houses in Southborough, based on EPC data. The below chart shows the distribution of detached houses by size in Southborough, and where 28 THE RIDGEWAYE lies on this distribution: 40% of detached houses are smaller than 28 THE RIDGEWAYE, and 59% of houses are larger. Note that EPC data is not available for all properties in Southborough.

28 THE RIDGEWAYE: Plot and Title Map

28 THE RIDGEWAYE sits on a plot of roughly 0.261 of an acre, or 1,057m². The below map shows the location of 28 THE RIDGEWAYE, 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 28 THE RIDGEWAYE). 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 28 THE RIDGEWAYE?

28 THE RIDGEWAYE is located in SOUTHBOROUGH, in the TN4 postcode district. The below map shows the position of No. 28 on THE RIDGEWAYE.