48, THE RIDGEWAYE, SOUTHBOROUGH, TUNBRIDGE WELLS, TN4 0AE - £593,300

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

48 THE RIDGEWAYE is a very small extended detached house of 89m², built sometime between 1930 and 1949. It was last sold for £593,300 in April 2019, which was around 17% below the average April 2019 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was D.

48 THE RIDGEWAYE Sold Prices

Land registry data shows three sales for 48 THE RIDGEWAYE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the three 48 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
2019 2 APR	£593,300	£712,508	17% below HPI
2009 28 SEP	£390,000	£460,462	15% below HPI
2004 15 JUL	£380,000	£419,891	10% below HPI

48 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 three 48 THE RIDGEWAYE sales between July 2004 and April 2019 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 September 2009 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 48 THE RIDGEWAYE?

48 THE RIDGEWAYE is 89m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses in Southborough, based on EPC data. The below chart shows the distribution of detached houses by size in Southborough, and where 48 THE RIDGEWAYE lies on this distribution: 10% of detached houses are smaller than 48 THE RIDGEWAYE, and 90% of houses are larger. Note that EPC data is not available for all properties in Southborough.

48 THE RIDGEWAYE: Plot and Title Map

48 THE RIDGEWAYE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 48 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 48 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 48 THE RIDGEWAYE?

48 THE RIDGEWAYE is located in SOUTHBOROUGH, in the TN4 postcode district. The below map shows the position of No. 48 on THE RIDGEWAYE.