RUSSETTS, CHAFFORD LANE, FORDCOMBE, TUNBRIDGE WELLS, TN3 0SP - £775,000

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

RUSSETTS is a very large extended detached house of 226m², built sometime between 1967 and 1975. It was last sold for £775,000 in November 2023, which was around 17% below the average November 2023 detached price in the Sevenoaks local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

RUSSETTS Sold Prices

Land registry data shows four sales for RUSSETTS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sevenoaks local authority area for the corresponding sale date. All of the four RUSSETTS 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
2023 24 NOV	£775,000	£930,641	17% below HPI
2014 25 JUL	£450,000	£605,628	26% below HPI
2005 16 SEP	£410,000	£439,631	7% below HPI
2001 8 JUN	£281,500	£317,488	11% below HPI

RUSSETTS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sevenoaks local authority area over time, sourced from the HPI. The four RUSSETTS sales between June 2001 and November 2023 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 July 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the November 2023 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is RUSSETTS?

RUSSETTS is 226m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the largest 10% of detached houses in Fordcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Fordcombe, and where RUSSETTS lies on this distribution: 93% of detached houses are smaller than RUSSETTS, and 7% of houses are larger. Note that EPC data is not available for all properties in Fordcombe.

RUSSETTS: Plot and Title Map

RUSSETTS sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of RUSSETTS, 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 RUSSETTS). 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 RUSSETTS?

RUSSETTS is located on CHAFFORD LANE in FORDCOMBE, in the TN3 postcode district. The below map shows the position of RUSSETTS on CHAFFORD LANE.