CHERRY TREE COTTAGE, FLORANCE LANE, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9SH - £780,000

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 TREE COTTAGE is a small extended detached house of 146m², built sometime before 1900. It was last sold for £780,000 in December 2018, which was around 58% above the average December 2018 detached price in the Wealden local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows three sales for CHERRY TREE 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 CHERRY TREE COTTAGE 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
2018 17 DEC	£780,000	£495,102	58% above HPI
2012 14 DEC	£480,000	£352,645	36% above HPI
2005 16 SEP	£475,000	£320,941	48% above HPI

CHERRY TREE 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 CHERRY TREE COTTAGE sales between September 2005 and December 2018 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 December 2012 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the December 2018 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 146m², which includes three extensions, according to the EPC inspection conducted in September 2018. 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 CHERRY TREE COTTAGE lies on this distribution: 39% of detached houses are smaller than CHERRY TREE COTTAGE, and 61% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.273 of an acre, or 1,106m². The below map shows the location of CHERRY TREE 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 CHERRY TREE 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 CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is located on FLORANCE LANE in GROOMBRIDGE, in the TN3 postcode district. The below map shows the position of CHERRY TREE COTTAGE on FLORANCE LANE.