RIDGE HOUSE, FURZEFIELD AVENUE, SPELDHURST, TUNBRIDGE WELLS, TN3 0LD - £592,500

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

RIDGE HOUSE is a very small detached house of 110m², built sometime between 1996 and 2002. It was last sold for £592,500 in July 2011, which was around 19% above the average July 2011 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was July 2022, where the current energy rating was F, and the potential energy rating was B.

RIDGE HOUSE Sold Prices

Land registry data shows three sales for RIDGE HOUSE 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. Two of the three RIDGE HOUSE sales were for above the average price, whilst one was 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
2011 5 JUL	£592,500	£499,430	19% above HPI
2005 16 DEC	£497,500	£415,763	20% above HPI
2000 7 JUL	£250,000	£267,582	7% below HPI

RIDGE HOUSE 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 RIDGE HOUSE sales between July 2000 and July 2011 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 December 2005 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2011 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is RIDGE HOUSE?

RIDGE HOUSE is 110m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Speldhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Speldhurst, and where RIDGE HOUSE lies on this distribution: 10% of detached houses are smaller than RIDGE HOUSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Speldhurst.

RIDGE HOUSE: Plot and Title Map

RIDGE HOUSE sits on a plot of roughly 0.340 of an acre, or 1,376m². The below map shows the location of RIDGE HOUSE, 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 RIDGE HOUSE). 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 RIDGE HOUSE?

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