GORSE BANK, POUND LANE, SMEETH, ASHFORD, TN25 6RJ - £450,000

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

GORSE BANK is a very large extended detached house of 175m², built sometime between 1950 and 1966. It was last sold for £450,000 in May 2019, which was around 2% below the average May 2019 detached price in the Ashford local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was A.

GORSE BANK Sold Prices

Land registry data shows two sales for GORSE BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ashford local authority area for the corresponding sale date. Both of the two GORSE BANK 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 24 MAY	£450,000	£457,486	2% below HPI
2003 22 DEC	£240,000	£253,140	5% below HPI

GORSE BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashford local authority area over time, sourced from the HPI. The two GORSE BANK sales from December 2003 and May 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 December 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2019 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is GORSE BANK?

GORSE BANK is 175m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 20% of detached houses in Brabourne Lees, based on EPC data. The below chart shows the distribution of detached houses by size in Brabourne Lees, and where GORSE BANK lies on this distribution: 85% of detached houses are smaller than GORSE BANK, and 15% of houses are larger. Note that EPC data is not available for all properties in Brabourne Lees.

GORSE BANK: Plot and Title Map

GORSE BANK sits on a plot of roughly 0.203 of an acre, or 823m². The below map shows the location of GORSE BANK, 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 GORSE BANK). 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 GORSE BANK?

GORSE BANK is located on POUND LANE in SMEETH, in the TN25 postcode district. The below map shows the position of GORSE BANK on POUND LANE.