33, RIDGEWAY, PEMBURY, TUNBRIDGE WELLS, TN2 4ER - £345,000

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.

33 RIDGEWAY is a very small extended terraced house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £416,936. It was last sold for £345,000 in August 2020, which was around 3% above the average August 2020 terraced price in the Tunbridge Wells local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

33 RIDGEWAY Sold Prices

Land registry data shows four sales for 33 RIDGEWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Tunbridge Wells local authority area for the corresponding sale date. Two of the four 33 RIDGEWAY sales were for above the average price, whilst one 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
2020 7 AUG	£345,000	£333,406	3% above HPI
2017 27 JUL	£325,000	£325,690	Close to HPI
2012 22 AUG	£235,000	£239,251	2% below HPI
2003 29 AUG	£165,000	£162,001	2% above HPI

33 RIDGEWAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Tunbridge Wells local authority area over time, sourced from the HPI. The four 33 RIDGEWAY sales between August 2003 and August 2020 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 2017 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 33 RIDGEWAY be worth now?

33 RIDGEWAY might now be worth an estimated £416,936.

This is based on house price inflation of 20.9%, between August 2020 and May 2026, for terraced 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 20.9% inflationary increase is applied to the most recent sale price for 33 RIDGEWAY of £345,000 on 7th August 2020. For the value to have increased from £345,000 to £416,936 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of 33 RIDGEWAY has moved in line with the HPI for terraced houses in the Tunbridge Wells local authority area.
• The August 2020 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 33 RIDGEWAY has not materially changed since August 2020.

How Large is 33 RIDGEWAY?

33 RIDGEWAY is 82m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of terraced houses houses in Pembury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Pembury, and where 33 RIDGEWAY lies on this distribution: 10% of terraced houses houses are smaller than 33 RIDGEWAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Pembury.

33 RIDGEWAY: Plot and Title Map

33 RIDGEWAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 33 RIDGEWAY, 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 33 RIDGEWAY). 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 33 RIDGEWAY?

33 RIDGEWAY is located in PEMBURY, in the TN2 postcode district. The below map shows the position of No. 33 on RIDGEWAY.