4, WALLACE CLOSE, TUNBRIDGE WELLS, TN2 5HW - £690,000

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.

4 WALLACE CLOSE is a midsized extended detached house of 134m², built sometime between 1967 and 1975, which could now be worth an estimated £783,714. It was last sold for £690,000 in November 2020, which was around 9% below the average November 2020 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

4 WALLACE CLOSE Sold Prices

Land registry data shows two sales for 4 WALLACE CLOSE 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 4 WALLACE CLOSE 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 19 NOV	£690,000	£756,387	9% below HPI
2005 2 DEC	£375,000	£406,199	8% below HPI

4 WALLACE CLOSE 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 4 WALLACE CLOSE sales from December 2005 and November 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 December 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 4 WALLACE CLOSE be worth now?

4 WALLACE CLOSE might now be worth an estimated £783,714.

This is based on house price inflation of 13.6%, between November 2020 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 13.6% inflationary increase is applied to the most recent sale price for 4 WALLACE CLOSE of £690,000 on 19th November 2020. For the value to have increased from £690,000 to £783,714 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 WALLACE CLOSE has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The November 2020 sale price of £690,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WALLACE CLOSE has not materially changed since November 2020.

How Large is 4 WALLACE CLOSE?

4 WALLACE CLOSE is 134m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 50% of detached houses houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Royal Tunbridge Wells, and where 4 WALLACE CLOSE lies on this distribution: 40% of detached houses houses are smaller than 4 WALLACE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

4 WALLACE CLOSE: Plot and Title Map

4 WALLACE CLOSE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 4 WALLACE CLOSE, 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 4 WALLACE CLOSE). 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 4 WALLACE CLOSE?

4 WALLACE CLOSE is located in TUNBRIDGE WELLS, in the TN2 postcode district. The below map shows the position of No. 4 on WALLACE CLOSE.