24, CHESTNUT LANE, MATFIELD, TONBRIDGE, TN12 7JL - £410,000

24 CHESTNUT LANE is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £410,000 in March 2018, which was around 44% below the average March 2018 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

24 CHESTNUT LANE Sold Prices

Land registry data shows three sales for 24 CHESTNUT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the three 24 CHESTNUT LANE 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
2018 15 MAR	£410,000	£727,380	44% below HPI
2004 23 JUL	£290,000	£419,891	31% below HPI
1996 23 FEB	£94,000	£141,728	34% below HPI

24 CHESTNUT LANE 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 three 24 CHESTNUT LANE sales between February 1996 and March 2018 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 July 2004 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2018 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 24 CHESTNUT LANE?

24 CHESTNUT LANE is 82m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Matfield, based on EPC data. The below chart shows the distribution of detached houses by size in Matfield, and where 24 CHESTNUT LANE lies on this distribution: 9% of detached houses are smaller than 24 CHESTNUT LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Matfield.

24 CHESTNUT LANE: Plot and Title Map

24 CHESTNUT LANE sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of 24 CHESTNUT LANE, 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 24 CHESTNUT LANE). 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 24 CHESTNUT LANE?

24 CHESTNUT LANE is located in MATFIELD, in the TN12 postcode district. The below map shows the position of No. 24 on CHESTNUT LANE.