TIMARU, CORSELEY ROAD, GROOMBRIDGE, TUNBRIDGE WELLS, TN3 9SG - £440,000

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

TIMARU is a small detached house of 141m², built sometime between 1976 and 1982. It was last sold for £440,000 in July 2013, which was around 23% above the average July 2013 detached price in the Wealden local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

TIMARU Sold Prices

Land registry data shows two sales for TIMARU 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. One of the two TIMARU 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
2013 24 JUL	£440,000	£359,023	23% above HPI
1999 3 AUG	£137,995	£156,268	12% below HPI

TIMARU 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 TIMARU sales from August 1999 and July 2013 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 August 1999 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2013 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is TIMARU?

TIMARU is 141m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 40% of detached houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses by size in Groombridge, and where TIMARU lies on this distribution: 33% of detached houses are smaller than TIMARU, and 67% of houses are larger. Note that EPC data is not available for all properties in Groombridge.

TIMARU: Plot and Title Map

TIMARU sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of TIMARU, 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 TIMARU). 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 TIMARU?

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