LAKE COTTAGE, LOWER GREEN ROAD, TUNBRIDGE WELLS, TN3 0NA - £1,030,000

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

LAKE COTTAGE is a very large extended detached house of 268m², built sometime before 1900. It was last sold for £1,030,000 in November 2019, which was around 42% above the average November 2019 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

LAKE COTTAGE Sold Prices

Land registry data shows three sales for LAKE 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 Tunbridge Wells local authority area for the corresponding sale date. All of the three LAKE 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
2019 20 NOV	£1,030,000	£727,850	42% above HPI
2016 9 NOV	£895,000	£710,022	26% above HPI
1997 11 DEC	£421,000	£183,743	129% above HPI

LAKE COTTAGE 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 LAKE COTTAGE sales between December 1997 and November 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 November 2016 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2019 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is LAKE COTTAGE?

LAKE COTTAGE is 268m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 10% of detached houses in Rusthall, based on EPC data. The below chart shows the distribution of detached houses by size in Rusthall, and where LAKE COTTAGE lies on this distribution: 95% of detached houses are smaller than LAKE COTTAGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Rusthall.

LAKE COTTAGE: Plot and Title Map

LAKE COTTAGE sits on a plot of roughly 1.0 acres, or 4,051m². The below map shows the location of LAKE 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 LAKE 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 LAKE COTTAGE?

LAKE COTTAGE is located on LOWER GREEN ROAD in TUNBRIDGE WELLS, in the TN3 postcode district. The below map shows the position of LAKE COTTAGE on LOWER GREEN ROAD.