5, VERE MEADOWS, BENENDEN, CRANBROOK, TN17 4EX - £550,000

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.

5 VERE MEADOWS is a very small detached house of 120m², which could now be worth an estimated £641,583. It was last sold for £550,000 in September 2020, which was around 25% below the average September 2020 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

5 VERE MEADOWS Sold Prices

Land registry data shows three sales for 5 VERE MEADOWS 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. One of the three 5 VERE MEADOWS sales was for below the average price, whilst two 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
2020 4 SEP	£550,000	£736,483	25% below HPI
2019 11 APR	£1,223,360	£696,117	76% above HPI
2018 22 NOV	£735,000	£727,058	1% above HPI

5 VERE MEADOWS 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 VERE MEADOWS sales between November 2018 and September 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 April 2019 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the September 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 5 VERE MEADOWS be worth now?

5 VERE MEADOWS might now be worth an estimated £641,583.

This is based on house price inflation of 16.7%, between September 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 16.7% inflationary increase is applied to the most recent sale price for 5 VERE MEADOWS of £550,000 on 4th September 2020. For the value to have increased from £550,000 to £641,583 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 VERE MEADOWS has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The September 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 5 VERE MEADOWS has not materially changed since September 2020.

How Large is 5 VERE MEADOWS?

5 VERE MEADOWS is 120m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses houses in Benenden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Benenden, and where 5 VERE MEADOWS lies on this distribution: 20% of detached houses houses are smaller than 5 VERE MEADOWS, and 79% of houses are larger. Note that EPC data is not available for all properties in Benenden.

5 VERE MEADOWS: Plot and Title Map

5 VERE MEADOWS sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 5 VERE MEADOWS, 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 VERE MEADOWS). 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 VERE MEADOWS?

5 VERE MEADOWS is located in BENENDEN, in the TN17 postcode district. The below map shows the position of No. 5 on VERE MEADOWS.