THE STUDIO, GROSVENOR WALK, TUNBRIDGE WELLS, TN1 2BE - £668,280

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 STUDIO is a small detached house of 104m², built sometime before 1900, which could now be worth an estimated £1,153,094. It was last sold for £668,280 in June 2011, which was around 34% above the average June 2011 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was July 2010, where the current energy rating was G, and the potential energy rating was G.

THE STUDIO Sold Prices

Land registry data shows two sales for THE STUDIO 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. One of the two THE STUDIO sales was for above the average price, whilst the other was 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
2011 10 JUN	£668,280	£497,905	34% above HPI
1996 28 MAY	£120,000	£140,218	14% below HPI

THE STUDIO 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 STUDIO sales from May 1996 and June 2011 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 1996 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2011 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might THE STUDIO be worth now?

THE STUDIO might now be worth an estimated £1,153,094.

This is based on house price inflation of 72.5%, between June 2011 and February 2025, for detached houses, in the Tunbridge Wells local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 72.5% inflationary increase is applied to the most recent sale price for THE STUDIO of £668,280 on 10th June 2011. For the value to have increased from £668,280 to £1,153,094 over the fourteen years and four months to February 2025, the following assumptions must hold true:

• The value of THE STUDIO has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The June 2011 sale price of £668,280 represented a fair market value for the property.
• The size, condition, and specification of THE STUDIO has not materially changed since June 2011.

How Large is THE STUDIO?

THE STUDIO is 104m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Royal Tunbridge Wells, and where THE STUDIO lies on this distribution: 20% of detached houses houses are smaller than THE STUDIO, and 80% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.460 of an acre, or 1,862m². The below map shows the location of THE STUDIO, 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 STUDIO). 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 STUDIO?

THE STUDIO is located on GROSVENOR WALK in TUNBRIDGE WELLS, in the TN1 postcode district. The below map shows the position of THE STUDIO on GROSVENOR WALK.