LAKE HOUSE, CRANBROOK ROAD, BENENDEN, CRANBROOK, TN17 4ES - £730,000

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 HOUSE is a small extended detached house of 126m², built sometime between 1950 and 1966. It was last sold for £730,000 in November 2021, which was around 11% below the average November 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

LAKE HOUSE Sold Prices

Land registry data shows two sales for LAKE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. Both of the two LAKE 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
2021 9 NOV	£730,000	£820,612	11% below HPI
2017 16 OCT	£680,000	£714,835	5% below HPI

LAKE 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 two LAKE HOUSE sales from October 2017 and November 2021 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 October 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is LAKE HOUSE?

LAKE HOUSE is 126m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the smallest 30% of detached houses in Benenden, based on EPC data. The below chart shows the distribution of detached houses by size in Benenden, and where LAKE HOUSE lies on this distribution: 25% of detached houses are smaller than LAKE HOUSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Benenden.

LAKE HOUSE: Plot and Title Map

LAKE HOUSE sits on a plot of roughly 0.697 of an acre, or 2,819m². The below map shows the location of LAKE 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 LAKE 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 LAKE HOUSE?

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