CHERITON HOUSE, FURNACE LANE, LAMBERHURST, TUNBRIDGE WELLS, TN3 8LD - £700,000

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

CHERITON HOUSE is a midsized extended detached house of 160m², built sometime between 1950 and 1966. It was last sold for £700,000 in August 2017, which was around 3% below the average August 2017 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was July 2017, where the current energy rating was E, and the potential energy rating was C.

CHERITON HOUSE Sold Prices

Land registry data shows two sales for CHERITON HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. Both of the two CHERITON HOUSE 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
2017 21 AUG	£700,000	£720,107	3% below HPI
2000 31 MAR	£245,000	£248,422	1% below HPI

CHERITON HOUSE 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 two CHERITON HOUSE sales from March 2000 and August 2017 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 March 2000 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2017 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is CHERITON HOUSE?

CHERITON HOUSE is 160m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the largest 50% of detached houses in Lamberhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Lamberhurst, and where CHERITON HOUSE lies on this distribution: 54% of detached houses are smaller than CHERITON HOUSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Lamberhurst.

CHERITON HOUSE: Plot and Title Map

CHERITON HOUSE sits on a plot of roughly 0.248 of an acre, or 1,003m². The below map shows the location of CHERITON HOUSE, 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 CHERITON HOUSE). 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 CHERITON HOUSE?

CHERITON HOUSE is located on FURNACE LANE in LAMBERHURST, in the TN3 postcode district. The below map shows the position of CHERITON HOUSE on FURNACE LANE.