SPRINGFIELD, HIGH STREET, CRANBROOK, TN17 3LH - £895,000

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

SPRINGFIELD is a very large extended detached house of 203m², built sometime between 1900 and 1929. It was last sold for £895,000 in August 2020, which was around 22% above the average August 2020 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. Both of the two SPRINGFIELD 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
2020 14 AUG	£895,000	£733,603	22% above HPI
2006 2 NOV	£770,000	£462,920	66% above HPI

SPRINGFIELD 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 two SPRINGFIELD sales from November 2006 and August 2020 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 November 2006 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the August 2020 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 203m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 20% of detached houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Cranbrook, and where SPRINGFIELD lies on this distribution: 88% of detached houses are smaller than SPRINGFIELD, and 12% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.328 of an acre, or 1,328m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on HIGH STREET in CRANBROOK, in the TN17 postcode district. The below map shows the position of SPRINGFIELD on HIGH STREET.