PINEWOOD, TESTON ROAD, OFFHAM, WEST MALLING, ME19 5PD - £980,000

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

PINEWOOD is a very large extended detached house of 242m², built sometime between 1950 and 1966. It was last sold for £980,000 in December 2022, which was around 32% above the average December 2022 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

PINEWOOD Sold Prices

Land registry data shows five sales for PINEWOOD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Tonbridge and Malling local authority area for the corresponding sale date. Most of the five PINEWOOD sales were for above 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 14 DEC	£980,000	£744,496	32% above HPI
2015 1 MAY	£735,000	£486,518	51% above HPI
2007 11 JAN	£480,000	£374,588	28% above HPI
2006 15 MAR	£250,000	£350,098	29% below HPI
2004 1 NOV	£200,000	£354,951	44% below HPI

PINEWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The five PINEWOOD sales between November 2004 and December 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 May 2015 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the December 2022 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is PINEWOOD?

PINEWOOD is 242m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% of detached houses in Offham, based on EPC data. The below chart shows the distribution of detached houses by size in Offham, and where PINEWOOD lies on this distribution: 84% of detached houses are smaller than PINEWOOD, and 16% of houses are larger. Note that EPC data is not available for all properties in Offham.

PINEWOOD: Plot and Title Map

PINEWOOD sits on a plot of roughly 0.172 of an acre, or 696m². The below map shows the location of PINEWOOD, 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 PINEWOOD). 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 PINEWOOD?

PINEWOOD is located on TESTON ROAD in OFFHAM, in the ME19 postcode district. The below map shows the position of PINEWOOD on TESTON ROAD.