OAK COTTAGE, DOROTHY AVENUE, CRANBROOK, TN17 3AN - £249,950

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

OAK COTTAGE is a very small detached house of 59m², built sometime between 1996 and 2002. It was last sold for £249,950 in November 2010, which was around 50% below the average November 2010 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was C.

OAK COTTAGE Sold Prices

Land registry data shows three sales for OAK 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 OAK COTTAGE 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
2010 25 NOV	£249,950	£501,014	50% below HPI
2006 28 NOV	£315,000	£462,920	32% below HPI
1999 18 JUN	£155,000	£212,823	27% below HPI

OAK 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 OAK COTTAGE sales between June 1999 and November 2010 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 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2010 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 59m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 10% of detached houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Cranbrook, and where OAK COTTAGE lies on this distribution: 1% of detached houses are smaller than OAK COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

OAK COTTAGE is located on DOROTHY AVENUE in CRANBROOK, in the TN17 postcode district. The below map shows the position of OAK COTTAGE on DOROTHY AVENUE.