BRIDGE COTTAGE, CORSELEY ROAD, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9RT - £415,000

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

BRIDGE COTTAGE is a very small detached house of 90m², built sometime between 1950 and 1966. It was last sold for £415,000 in September 2019, which was around 16% below the average September 2019 detached price in the Wealden local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

BRIDGE COTTAGE Sold Prices

Land registry data shows three sales for BRIDGE COTTAGE 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 BRIDGE COTTAGE 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 9 SEP	£415,000	£495,838	16% below HPI
2002 29 NOV	£232,500	£270,805	14% below HPI
1997 19 DEC	£77,000	£133,745	42% below HPI

BRIDGE COTTAGE 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 BRIDGE COTTAGE sales between December 1997 and September 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 November 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is BRIDGE COTTAGE?

BRIDGE COTTAGE is 90m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses by size in Groombridge, and where BRIDGE COTTAGE lies on this distribution: 5% of detached houses are smaller than BRIDGE COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

BRIDGE COTTAGE: Plot and Title Map

BRIDGE COTTAGE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of BRIDGE COTTAGE, 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 BRIDGE COTTAGE). 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 BRIDGE COTTAGE?

BRIDGE COTTAGE is located on CORSELEY ROAD in GROOMBRIDGE, in the TN3 postcode district. The below map shows the position of BRIDGE COTTAGE on CORSELEY ROAD.