REDWOOD, CRANBROOK ROAD, BENENDEN, CRANBROOK, TN17 4ES - £805,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

REDWOOD is a small detached house of 154m², built sometime between 1950 and 1966, which could now be worth an estimated £906,756. It was last sold for £805,000 in June 2021, which was around 6% above the average June 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was April 2021, where the current energy rating was E, and the potential energy rating was C.

REDWOOD Sold Prices

Land registry data shows three sales for REDWOOD 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 REDWOOD 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
2021 29 JUN	£805,000	£762,708	6% above HPI
2005 17 MAY	£485,000	£396,946	22% above HPI
1997 10 OCT	£235,000	£174,381	35% above HPI

REDWOOD 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 REDWOOD sales between October 1997 and June 2021 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 2005 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2021 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might REDWOOD be worth now?

REDWOOD might now be worth an estimated £906,756.

This is based on house price inflation of 12.6%, between June 2021 and February 2025, for detached houses, in the Tunbridge Wells local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.6% inflationary increase is applied to the most recent sale price for REDWOOD of £805,000 on 29th June 2021. For the value to have increased from £805,000 to £906,756 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of REDWOOD has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The June 2021 sale price of £805,000 represented a fair market value for the property.
• The size, condition, and specification of REDWOOD has not materially changed since June 2021.

How Large is REDWOOD?

REDWOOD is 154m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 40% of detached houses houses in Benenden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Benenden, and where REDWOOD lies on this distribution: 30% of detached houses houses are smaller than REDWOOD, and 70% of houses are larger. Note that EPC data is not available for all properties in Benenden.

REDWOOD: Plot and Title Map

REDWOOD sits on a plot of roughly 0.303 of an acre, or 1,228m². The below map shows the location of REDWOOD, 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 REDWOOD). 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 REDWOOD?

REDWOOD is located on CRANBROOK ROAD in BENENDEN, in the TN17 postcode district. The below map shows the position of REDWOOD on CRANBROOK ROAD.