THE OLD EXCHANGE, CORSELEY ROAD, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9SF - £290,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD EXCHANGE is a very small detached house of 54m², built sometime between 1967 and 1975, which could now be worth an estimated £284,477. It was last sold for £290,000 in February 2023, which was around 53% below the average February 2023 detached price in the Wealden local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

THE OLD EXCHANGE Sold Prices

Land registry data shows two sales for THE OLD EXCHANGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. Both of the two THE OLD EXCHANGE 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
2023 27 FEB	£290,000	£616,517	53% below HPI
1998 13 MAY	£95,000	£145,114	35% below HPI

THE OLD EXCHANGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The two THE OLD EXCHANGE sales from May 1998 and February 2023 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 May 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might THE OLD EXCHANGE be worth now?

THE OLD EXCHANGE might now be worth an estimated £284,477.

This is based on house price deflation of 1.9%, between February 2023 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% deflationary decrease is applied to the most recent sale price for THE OLD EXCHANGE of £290,000 on 27th February 2023. For the value to have decreased from £290,000 to £284,477 over the two years to February 2025, the following assumptions must hold true:

• The value of THE OLD EXCHANGE has moved in line with the HPI for detached houses in the Wealden local authority area.
• The February 2023 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD EXCHANGE has not materially changed since February 2023.

How Large is THE OLD EXCHANGE?

THE OLD EXCHANGE is 54m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Groombridge, and where THE OLD EXCHANGE lies on this distribution: 1% of detached houses houses are smaller than THE OLD EXCHANGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

THE OLD EXCHANGE: Plot and Title Map

THE OLD EXCHANGE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of THE OLD EXCHANGE, 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 OLD EXCHANGE). 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 OLD EXCHANGE?

THE OLD EXCHANGE is located on CORSELEY ROAD in GROOMBRIDGE, in the TN3 postcode district. The below map shows the position of THE OLD EXCHANGE on CORSELEY ROAD.