3, RIDGEWAY, PEMBURY, TUNBRIDGE WELLS, TN2 4ER - £551,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 RIDGEWAY is a large extended detached house of 140m², built sometime between 1950 and 1966. It was last sold for £551,000 in February 2020, which was around 25% below the average February 2020 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

3 RIDGEWAY Sold Prices

Land registry data shows five sales for 3 RIDGEWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the five 3 RIDGEWAY 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
2020 24 FEB	£551,000	£732,850	25% below HPI
2013 8 NOV	£372,500	£549,006	32% below HPI
2010 6 JAN	£356,000	£477,415	25% below HPI
2002 1 JUL	£236,500	£336,067	30% below HPI
1996 18 DEC	£135,000	£150,202	10% below HPI

3 RIDGEWAY 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 five 3 RIDGEWAY sales between December 1996 and February 2020 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 2013 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2020 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 RIDGEWAY?

3 RIDGEWAY is 140m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 30% of detached houses in Pembury, based on EPC data. The below chart shows the distribution of detached houses by size in Pembury, and where 3 RIDGEWAY lies on this distribution: 71% of detached houses are smaller than 3 RIDGEWAY, and 29% of houses are larger. Note that EPC data is not available for all properties in Pembury.

3 RIDGEWAY: Plot and Title Map

3 RIDGEWAY sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of 3 RIDGEWAY, 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 3 RIDGEWAY). 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 3 RIDGEWAY?

3 RIDGEWAY is located in PEMBURY, in the TN2 postcode district. The below map shows the position of No. 3 on RIDGEWAY.