THE FORGE, RYE ROAD, SANDHURST, CRANBROOK, TN18 5JG - £685,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE FORGE is a very large detached house of 193m², built in 2021. It was last sold for £685,000 in February 2022, which was around 18% below the average February 2022 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was B.

THE FORGE Sold Prices

Land registry data shows three sales for THE FORGE 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. All of the three THE FORGE 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
2022 17 FEB	£685,000	£836,912	18% below HPI
2019 10 JUL	£182,000	£725,993	75% below HPI
2007 10 MAY	£125,000	£472,673	74% below HPI

THE FORGE 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 FORGE sales between May 2007 and February 2022 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 2019 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the February 2022 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is THE FORGE?

THE FORGE is 193m² according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses in Sandhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Sandhurst, and where THE FORGE lies on this distribution: 86% of detached houses are smaller than THE FORGE, and 14% of houses are larger. Note that EPC data is not available for all properties in Sandhurst.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of THE FORGE, 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 FORGE). 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 FORGE?

THE FORGE is located on RYE ROAD in SANDHURST, in the TN18 postcode district. The below map shows the position of THE FORGE on RYE ROAD.