7, ORCHARD RISE, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9RU - £824,500

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

7 ORCHARD RISE is a small extended detached house of 128m², built sometime between 1967 and 1975. It was last sold for £824,500 in July 2024, which was around 38% above the average July 2024 detached price in the Wealden local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

7 ORCHARD RISE Sold Prices

Land registry data shows three sales for 7 ORCHARD RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the three 7 ORCHARD RISE 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
2024 31 JUL	£824,500	£595,511	38% above HPI
2022 24 AUG	£750,000	£600,566	25% above HPI
2006 13 JUL	£415,000	£330,504	26% above HPI

7 ORCHARD RISE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The three 7 ORCHARD RISE sales between July 2006 and July 2024 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 August 2022 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2024 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 7 ORCHARD RISE?

7 ORCHARD RISE is 128m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses by size in Groombridge, and where 7 ORCHARD RISE lies on this distribution: 20% of detached houses are smaller than 7 ORCHARD RISE, and 80% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

7 ORCHARD RISE: Plot and Title Map

7 ORCHARD RISE sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 7 ORCHARD RISE, 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 7 ORCHARD RISE). 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 7 ORCHARD RISE?

7 ORCHARD RISE is located in GROOMBRIDGE, in the TN3 postcode district. The below map shows the position of No. 7 on ORCHARD RISE.