6, PROSPECT PARK, SOUTHBOROUGH, TUNBRIDGE WELLS, TN4 0EQ - £653,000

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.

6 PROSPECT PARK is a very small detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £685,900. It was last sold for £653,000 in May 2022, which was around 20% below the average May 2022 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

6 PROSPECT PARK Sold Prices

Land registry data shows three sales for 6 PROSPECT PARK 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 6 PROSPECT PARK 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
2022 12 MAY	£653,000	£817,909	20% below HPI
2005 3 NOV	£330,000	£412,182	20% below HPI
1998 1 MAY	£166,250	£190,793	13% below HPI

6 PROSPECT PARK 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 6 PROSPECT PARK sales between May 1998 and May 2022 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 November 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2022 sale, which was also at 20% below the HPI.

What might 6 PROSPECT PARK be worth now?

6 PROSPECT PARK might now be worth an estimated £685,900.

This is based on house price inflation of 5%, between May 2022 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 5% inflationary increase is applied to the most recent sale price for 6 PROSPECT PARK of £653,000 on 12th May 2022. For the value to have increased from £653,000 to £685,900 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 6 PROSPECT PARK has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The May 2022 sale price of £653,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PROSPECT PARK has not materially changed since May 2022.

How Large is 6 PROSPECT PARK?

6 PROSPECT PARK is 106m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Southborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southborough, and where 6 PROSPECT PARK lies on this distribution: 15% of detached houses houses are smaller than 6 PROSPECT PARK, and 84% of houses are larger. Note that EPC data is not available for all properties in Southborough.

6 PROSPECT PARK: Plot and Title Map

6 PROSPECT PARK sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 6 PROSPECT PARK, 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 6 PROSPECT PARK). 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 6 PROSPECT PARK?

6 PROSPECT PARK is located in SOUTHBOROUGH, in the TN4 postcode district. The below map shows the position of No. 6 on PROSPECT PARK.