THE PARSONAGE, CRANBROOK ROAD, BENENDEN, CRANBROOK, TN17 4ES - £1,140,000

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 PARSONAGE is a very large extended detached house of 367m², built sometime before 1900. It was last sold for £1,140,000 in October 2020, which was around 50% above the average October 2020 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was September 2019, where the current energy rating was E, and the potential energy rating was C.

THE PARSONAGE Sold Prices

Land registry data shows two sales for THE PARSONAGE 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 PARSONAGE sales 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
2020 16 OCT	£1,140,000	£759,750	50% above HPI
2002 5 APR	£735,000	£320,287	129% above HPI

THE PARSONAGE 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 PARSONAGE sales from April 2002 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 April 2002 sale was for 129% above the HPI. So the extrapolation line tracks at 129% above the HPI over time, until the October 2020 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is THE PARSONAGE?

THE PARSONAGE is 367m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses in Benenden, based on EPC data. The below chart shows the distribution of detached houses by size in Benenden, and where THE PARSONAGE lies on this distribution: 96% of detached houses are smaller than THE PARSONAGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Benenden.

THE PARSONAGE: Plot and Title Map

THE PARSONAGE sits on a plot of roughly 2.3 acres, or 9,118m². The below map shows the location of THE PARSONAGE, 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 PARSONAGE). 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 PARSONAGE?

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