RIBA MAR, THEOBALDS, HAWKHURST, CRANBROOK, TN18 4AJ - £428,500

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

RIBA MAR is a small extended detached house of 108m², built sometime between 1967 and 1975. It was last sold for £428,500 in December 2016, which was around 39% below the average December 2016 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

RIBA MAR Sold Prices

Land registry data shows three sales for RIBA MAR 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 RIBA MAR 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
2016 1 DEC	£428,500	£704,743	39% below HPI
2001 5 APR	£238,000	£281,888	16% below HPI
1999 27 MAY	£185,000	£207,026	11% below HPI

RIBA MAR 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 RIBA MAR sales between May 1999 and December 2016 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 April 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2016 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is RIBA MAR?

RIBA MAR is 108m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 40% of detached houses in Hawkhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Hawkhurst, and where RIBA MAR lies on this distribution: 31% of detached houses are smaller than RIBA MAR, and 69% of houses are larger. Note that EPC data is not available for all properties in Hawkhurst.

RIBA MAR: Plot and Title Map

RIBA MAR sits on a plot of roughly 0.235 of an acre, or 952m². The below map shows the location of RIBA MAR, 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 RIBA MAR). 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 RIBA MAR?

RIBA MAR is located on THEOBALDS in HAWKHURST, in the TN18 postcode district. The below map shows the position of RIBA MAR on THEOBALDS.