THE COTTAGE, THE GREEN, MATFIELD, TONBRIDGE, TN12 7LA - £800,000

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

THE COTTAGE is a midsized extended detached house of 155m², built sometime before 1900. It was last sold for £800,000 in May 2024, which was around 6% below the average May 2024 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE 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. One of the three THE COTTAGE sales was for below the average price, whilst two 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
2024 31 MAY	£800,000	£847,709	6% below HPI
2010 30 APR	£610,000	£489,388	25% above HPI
2002 1 OCT	£400,000	£353,841	13% above HPI

THE COTTAGE 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 THE COTTAGE sales between October 2002 and May 2024 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 2010 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2024 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 155m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 50% of detached houses in Matfield, based on EPC data. The below chart shows the distribution of detached houses by size in Matfield, and where THE COTTAGE lies on this distribution: 54% of detached houses are smaller than THE COTTAGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Matfield.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.232 of an acre, or 940m². The below map shows the location of THE COTTAGE, 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 THE COTTAGE). 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 THE COTTAGE?

THE COTTAGE is located on THE GREEN in MATFIELD, in the TN12 postcode district. The below map shows the position of THE COTTAGE on THE GREEN.