MILES, FERBIES, SPELDHURST, TUNBRIDGE WELLS, TN3 0NT - £1,296,000

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

MILES is a very large detached house of 286m², built sometime between 1950 and 1966. It was last sold for £1,296,000 in September 2022, which was around 44% above the average September 2022 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

MILES Sold Prices

Land registry data shows three sales for MILES 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. The three MILES sales were a mix of above the average price, and roughly equal to 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
2022 29 SEP	£1,296,000	£898,829	44% above HPI
2012 19 APR	£995,000	£503,441	98% above HPI
1995 14 DEC	£140,000	£140,332	Close to HPI

MILES 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 MILES sales between December 1995 and September 2022 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 April 2012 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the September 2022 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is MILES?

MILES is 286m² according to the EPC inspection conducted in August 2022. This puts it in the largest 20% of detached houses in Speldhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Speldhurst, and where MILES lies on this distribution: 87% of detached houses are smaller than MILES, and 12% of houses are larger. Note that EPC data is not available for all properties in Speldhurst.

MILES: Plot and Title Map

MILES sits on a plot of roughly 0.223 of an acre, or 901m². The below map shows the location of MILES, 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 MILES). 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 MILES?

MILES is located on FERBIES in SPELDHURST, in the TN3 postcode district. The below map shows the position of MILES on FERBIES.