ILEX HOUSE, CARRIERS ROAD, CRANBROOK, TN17 3JT - £540,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ILEX HOUSE is a large extended detached house of 158m², built sometime between 1950 and 1966, which could now be worth an estimated £733,118. It was last sold for £540,000 in July 2015, which was around 15% below the average July 2015 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

ILEX HOUSE Sold Prices

Land registry data shows three sales for ILEX HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the three ILEX 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
2015 24 JUL	£540,000	£632,809	15% below HPI
2005 8 FEB	£395,000	£402,418	2% below HPI
2001 12 DEC	£240,000	£303,980	21% below HPI

ILEX 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 three ILEX HOUSE sales between December 2001 and July 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 February 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2015 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might ILEX HOUSE be worth now?

ILEX HOUSE might now be worth an estimated £733,118.

This is based on house price inflation of 35.8%, between July 2015 and February 2025, for detached houses, in the Tunbridge Wells local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.8% inflationary increase is applied to the most recent sale price for ILEX HOUSE of £540,000 on 24th July 2015. For the value to have increased from £540,000 to £733,118 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of ILEX HOUSE has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The July 2015 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of ILEX HOUSE has not materially changed since July 2015.

How Large is ILEX HOUSE?

ILEX HOUSE is 158m², which includes two extensions, according to the EPC inspection conducted in December 2014. This puts it in the largest 30% of detached houses houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranbrook, and where ILEX HOUSE lies on this distribution: 75% of detached houses houses are smaller than ILEX HOUSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

ILEX HOUSE: Plot and Title Map

ILEX HOUSE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of ILEX 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 ILEX 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 ILEX HOUSE?

ILEX HOUSE is located on CARRIERS ROAD in CRANBROOK, in the TN17 postcode district. The below map shows the position of ILEX HOUSE on CARRIERS ROAD.