THE HOMESTEAD, CUDHAM LANE NORTH, CUDHAM, SEVENOAKS, TN14 7RB - £550,000

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 HOMESTEAD is a large extended detached house of 139m², built sometime between 1930 and 1949. It was last sold for £550,000 in October 2020, which was around 38% below the average October 2020 detached price in the Bromley local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

THE HOMESTEAD Sold Prices

Land registry data shows four sales for THE HOMESTEAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromley local authority area for the corresponding sale date. All of the four THE HOMESTEAD 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
2020 30 OCT	£550,000	£882,387	38% below HPI
2015 10 JUL	£490,000	£755,136	35% below HPI
2006 20 JAN	£380,000	£450,683	16% below HPI
2005 4 APR	£360,000	£451,737	20% below HPI

THE HOMESTEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromley local authority area over time, sourced from the HPI. The four THE HOMESTEAD sales between April 2005 and October 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 July 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 139m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 40% of detached houses in Hazelwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hazelwood, and where THE HOMESTEAD lies on this distribution: 66% of detached houses are smaller than THE HOMESTEAD, and 34% of houses are larger. Note that EPC data is not available for all properties in Hazelwood.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.207 of an acre, or 838m². The below map shows the location of THE HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

THE HOMESTEAD is located on CUDHAM LANE NORTH in CUDHAM, in the TN14 postcode district. The below map shows the position of THE HOMESTEAD on CUDHAM LANE NORTH.