THE LAURELS, NEW ROAD, CRANBROOK, TN17 3LE - £565,000

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 LAURELS is a small extended detached house of 112m², built sometime between 1900 and 1929. It was last sold for £565,000 in August 2017, which was around 22% below the average August 2017 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS 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 THE LAURELS 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
2017 25 AUG	£565,000	£720,107	22% below HPI
1998 24 JUL	£142,500	£199,845	29% below HPI

THE LAURELS 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 THE LAURELS sales from July 1998 and August 2017 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 1998 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2017 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 112m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% of detached houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Cranbrook, and where THE LAURELS lies on this distribution: 35% of detached houses are smaller than THE LAURELS, and 64% of houses are larger. Note that EPC data is not available for all properties in Cranbrook.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on NEW ROAD in CRANBROOK, in the TN17 postcode district. The below map shows the position of THE LAURELS on NEW ROAD.