CHEQUERS, ORCHARD RISE, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9RX - £625,000

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

CHEQUERS is a small extended detached house of 144m², built sometime between 1976 and 1982. It was last sold for £625,000 in October 2015, which was around 43% above the average October 2015 detached price in the Wealden local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was C.

CHEQUERS Sold Prices

Land registry data shows two sales for CHEQUERS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Both of the two CHEQUERS 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
2015 30 OCT	£625,000	£436,921	43% above HPI
2004 27 MAY	£430,000	£295,147	46% above HPI

CHEQUERS 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 two CHEQUERS sales from May 2004 and October 2015 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 May 2004 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the October 2015 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is CHEQUERS?

CHEQUERS is 144m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 40% of detached houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses by size in Groombridge, and where CHEQUERS lies on this distribution: 38% of detached houses are smaller than CHEQUERS, and 62% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

CHEQUERS: Plot and Title Map

CHEQUERS sits on a plot of roughly 0.219 of an acre, or 887m². The below map shows the location of CHEQUERS, 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 CHEQUERS). 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 CHEQUERS?

CHEQUERS is located on ORCHARD RISE in GROOMBRIDGE, in the TN3 postcode district. The below map shows the position of CHEQUERS on ORCHARD RISE.