Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources
29 MEREWORTH ROAD is a small extended detached house of 125m², built sometime between 1930 and 1949. It was last sold for £650,000 in July 2023, which was around 24% below the average July 2023 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows four sales for 29 MEREWORTH ROAD since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the four 29 MEREWORTH ROAD 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 |
---|---|---|---|
2023 14 JUL | £650,000 | £850,025 | 24% below HPI |
2009 13 JUL | £305,000 | £445,549 | 32% below HPI |
1999 11 MAR | £137,000 | £204,898 | 33% below HPI |
1995 27 OCT | £86,000 | £143,797 | 40% below HPI |
The below graph shows the average detached house price in the Tunbridge Wells local authority area over time, sourced from the HPI. The four 29 MEREWORTH ROAD sales between October 1995 and July 2023 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 July 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2023 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.
29 MEREWORTH ROAD is 125m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of detached houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Tunbridge Wells, and where 29 MEREWORTH ROAD lies on this distribution: 35% of detached houses are smaller than 29 MEREWORTH ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.
29 MEREWORTH ROAD sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 29 MEREWORTH ROAD, 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 29 MEREWORTH ROAD). 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.
29 MEREWORTH ROAD is located in TUNBRIDGE WELLS, in the TN4 postcode district. The below map shows the position of No. 29 on MEREWORTH ROAD.