MYRA, FURZEFIELD AVENUE, SPELDHURST, TUNBRIDGE WELLS, TN3 0LD - £625,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MYRA is a very small detached house of 75m², built sometime between 1930 and 1949. It was last sold for £625,000 in May 2022, which was around 25% below the average May 2022 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was February 2022, where the current energy rating was F, and the potential energy rating was B.

MYRA Sold Prices

Land registry data shows two sales for MYRA 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 MYRA 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
2022 31 MAY	£625,000	£837,167	25% below HPI
1995 2 JUN	£91,000	£138,380	34% below HPI

MYRA 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 MYRA sales from June 1995 and May 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 June 1995 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is MYRA?

MYRA is 75m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Speldhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Speldhurst, and where MYRA lies on this distribution: 1% of detached houses are smaller than MYRA, and 98% of houses are larger. Note that EPC data is not available for all properties in Speldhurst.

MYRA: Plot and Title Map

MYRA sits on a plot of roughly 0.295 of an acre, or 1,195m². The below map shows the location of MYRA, 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 MYRA). 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 MYRA?

MYRA is located on FURZEFIELD AVENUE in SPELDHURST, in the TN3 postcode district. The below map shows the position of MYRA on FURZEFIELD AVENUE.