CHERRY RIDGE, SWAN LANE, EDENBRIDGE, TN8 6AJ - £640,000

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

CHERRY RIDGE is a midsized detached house of 130m², built sometime between 1976 and 1982. It was last sold for £640,000 in January 2020, which was around 18% below the average January 2020 detached price in the Sevenoaks local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

CHERRY RIDGE Sold Prices

Land registry data shows two sales for CHERRY RIDGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sevenoaks local authority area for the corresponding sale date. One of the two CHERRY RIDGE sales was for below the average price, whilst the other was 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
2020 17 JAN	£640,000	£781,222	18% below HPI
1996 30 AUG	£194,500	£166,697	17% above HPI

CHERRY RIDGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sevenoaks local authority area over time, sourced from the HPI. The two CHERRY RIDGE sales from August 1996 and January 2020 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 1996 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is CHERRY RIDGE?

CHERRY RIDGE is 130m² according to the EPC inspection conducted in July 2019. This puts it in the largest 50% of detached houses in Marlpit Hill, based on EPC data. The below chart shows the distribution of detached houses by size in Marlpit Hill, and where CHERRY RIDGE lies on this distribution: 55% of detached houses are smaller than CHERRY RIDGE, and 43% of houses are larger. Note that EPC data is not available for all properties in Marlpit Hill.

CHERRY RIDGE: Plot and Title Map

CHERRY RIDGE sits on a plot of roughly 0.202 of an acre, or 817m². The below map shows the location of CHERRY RIDGE, 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 CHERRY RIDGE). 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 CHERRY RIDGE?

CHERRY RIDGE is located on SWAN LANE in EDENBRIDGE, in the TN8 postcode district. The below map shows the position of CHERRY RIDGE on SWAN LANE.