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

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.

TIMARU is a small detached house of 141m², built sometime between 1976 and 1982, which could now be worth an estimated £715,390. It was last sold for £440,000 in July 2013, which was around 18% 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	£371,967	18% above HPI
1999 3 AUG	£137,995	£161,902	15% 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2013 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might TIMARU be worth now?

TIMARU might now be worth an estimated £715,390.

This is based on house price inflation of 62.6%, between July 2013 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 62.6% inflationary increase is applied to the most recent sale price for TIMARU of £440,000 on 24th July 2013. For the value to have increased from £440,000 to £715,390 over the twelve years and five months to February 2025, the following assumptions must hold true:

• The value of TIMARU has moved in line with the HPI for detached houses in the Wealden local authority area.
• The July 2013 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of TIMARU has not materially changed since July 2013.

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 houses in Groombridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Groombridge, and where TIMARU lies on this distribution: 33% of detached houses 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.