2, THE RISE, TUNBRIDGE WELLS, TN2 3GW - £700,000

2 THE RISE is a midsized detached house of 144m², built in 2021. It was last sold for £700,000 in March 2022, which was around 16% below the average March 2022 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was A.

2 THE RISE Sold Prices

Land registry data shows two sales for 2 THE RISE 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 2 THE RISE 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
2022 8 MAR	£700,000	£837,937	16% below HPI
2021 30 JUN	£695,000	£780,667	11% below HPI

2 THE RISE 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 2 THE RISE sales from June 2021 and March 2022 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 June 2021 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 THE RISE?

2 THE RISE is 144m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% of detached houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Tunbridge Wells, and where 2 THE RISE lies on this distribution: 47% of detached houses are smaller than 2 THE RISE, and 53% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

2 THE RISE: Plot and Title Map

2 THE RISE sits on a plot of roughly 0.151 of an acre, or 612m². The below map shows the location of 2 THE RISE, 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 2 THE RISE). 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 2 THE RISE?

2 THE RISE is located in TUNBRIDGE WELLS, in the TN2 postcode district. The below map shows the position of No. 2 on THE RISE.