5, LAKE ROAD, TUNBRIDGE WELLS, TN4 8XT - £1,390,000

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

5 LAKE ROAD is a very large extended detached house of 226m², built sometime between 1950 and 1966. It was last sold for £1,390,000 in June 2021, which was around 78% above the average June 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

5 LAKE ROAD Sold Prices

Land registry data shows three sales for 5 LAKE ROAD 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 5 LAKE ROAD sales were for above 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
2021 28 JUN	£1,390,000	£780,667	78% above HPI
2006 12 OCT	£850,000	£464,950	83% above HPI
1995 18 AUG	£247,500	£145,256	70% above HPI

5 LAKE ROAD 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 5 LAKE ROAD sales between August 1995 and June 2021 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 2006 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the June 2021 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is 5 LAKE ROAD?

5 LAKE ROAD is 226m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% 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 5 LAKE ROAD lies on this distribution: 81% of detached houses are smaller than 5 LAKE ROAD, and 19% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

5 LAKE ROAD: Plot and Title Map

5 LAKE ROAD sits on a plot of roughly 0.394 of an acre, or 1,595m². The below map shows the location of 5 LAKE 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 5 LAKE 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.

Where is 5 LAKE ROAD?

5 LAKE ROAD is located in TUNBRIDGE WELLS, in the TN4 postcode district. The below map shows the position of No. 5 on LAKE ROAD.