MILL COTTAGE, PENSHURST ROAD, BIDBOROUGH, TUNBRIDGE WELLS, TN3 0XJ - £785,000

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

MILL COTTAGE is a small extended detached house of 161m², built sometime before 1900. It was last sold for £785,000 in August 2018, which was around 4% above the average August 2018 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was November 2012, where the current energy rating was E, and the potential energy rating was D.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL COTTAGE 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. One of the two MILL COTTAGE sales was for above the average price, whilst the other was 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
2018 3 AUG	£785,000	£751,385	4% above HPI
2007 25 OCT	£400,000	£509,041	21% below HPI

MILL 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 two MILL COTTAGE sales from October 2007 and August 2018 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 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2018 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 161m², which includes two extensions, according to the EPC inspection conducted in November 2012. This puts it in the smallest 40% of detached houses in Bidborough, based on EPC data. The below chart shows the distribution of detached houses by size in Bidborough, and where MILL COTTAGE lies on this distribution: 39% of detached houses are smaller than MILL COTTAGE, and 60% of houses are larger. Note that EPC data is not available for all properties in Bidborough.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.262 of an acre, or 1,061m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on PENSHURST ROAD in BIDBOROUGH, in the TN3 postcode district. The below map shows the position of MILL COTTAGE on PENSHURST ROAD.