38, PEN WAY, TONBRIDGE, TN10 4JN - £355,000

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

38 PEN WAY is a very small extended detached house of 93m², built sometime between 1950 and 1966. It was last sold for £355,000 in July 2014, which was around 24% below the average July 2014 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

38 PEN WAY Sold Prices

Land registry data shows two sales for 38 PEN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tonbridge and Malling local authority area for the corresponding sale date. Both of the two 38 PEN WAY 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 7 JUL	£355,000	£464,731	24% below HPI
1998 1 OCT	£158,000	£166,161	5% below HPI

38 PEN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The two 38 PEN WAY sales from October 1998 and July 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 October 1998 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 38 PEN WAY?

38 PEN WAY is 93m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% of detached houses in Tonbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Tonbridge, and where 38 PEN WAY lies on this distribution: 17% of detached houses are smaller than 38 PEN WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Tonbridge.

38 PEN WAY: Plot and Title Map

38 PEN WAY sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 38 PEN WAY, 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 38 PEN WAY). 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 38 PEN WAY?

38 PEN WAY is located in TONBRIDGE, in the TN10 postcode district. The below map shows the position of No. 38 on PEN WAY.