SPRING FARM, CORSELEY ROAD, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9PR - £520,000

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

SPRING FARM is a large extended detached house of 180m², built sometime between 1900 and 1929. It was last sold for £520,000 in October 2003, which was around 79% above the average October 2003 detached price in the Wealden local authority area. The most recent EPC inspection was February 2009, where the current energy rating was G, and the potential energy rating was G.

SPRING FARM Sold Prices

Land registry data shows three sales for SPRING FARM since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the three SPRING FARM 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
2003 31 OCT	£520,000	£289,942	79% above HPI
2001 29 JUN	£435,000	£210,188	107% above HPI
1998 10 JUL	£190,000	£145,136	31% above HPI

SPRING FARM Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The three SPRING FARM sales between July 1998 and October 2003 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 June 2001 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the October 2003 sale, where it falls to 79% above the HPI. The line then continues to track at 79% above the HPI.

How Large is SPRING FARM?

SPRING FARM is 180m², which includes two extensions, according to the EPC inspection conducted in February 2009. This puts it in the largest 40% of detached houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses by size in Groombridge, and where SPRING FARM lies on this distribution: 65% of detached houses are smaller than SPRING FARM, and 35% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

SPRING FARM: Plot and Title Map

SPRING FARM sits on a plot of roughly 1.3 acres, or 5,431m². The below map shows the location of SPRING FARM, 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 SPRING FARM). 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 SPRING FARM?

SPRING FARM is located on CORSELEY ROAD in GROOMBRIDGE, in the TN3 postcode district. The below map shows the position of SPRING FARM on CORSELEY ROAD.