7, GREENWAY, CRANBROOK, TN17 3LL - £290,000

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.

7 GREENWAY is a small detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £675,515. It was last sold for £290,000 in September 2003, which was around 22% below the average September 2003 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

7 GREENWAY Sold Prices

Land registry data shows two sales for 7 GREENWAY 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 7 GREENWAY 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
2003 9 SEP	£290,000	£370,021	22% below HPI
1996 31 JUL	£93,500	£144,113	35% below HPI

7 GREENWAY 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 7 GREENWAY sales from July 1996 and September 2003 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 1996 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the September 2003 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 7 GREENWAY be worth now?

7 GREENWAY might now be worth an estimated £675,515.

This is based on house price inflation of 132.9%, between September 2003 and May 2026, for detached 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 132.9% inflationary increase is applied to the most recent sale price for 7 GREENWAY of £290,000 on 9th September 2003. For the value to have increased from £290,000 to £675,515 over the 23 years and four months to May 2026, the following assumptions must hold true:

• The value of 7 GREENWAY has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The September 2003 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GREENWAY has not materially changed since September 2003.

How Large is 7 GREENWAY?

7 GREENWAY is 110m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 40% of detached houses in Cranbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Cranbrook, and where 7 GREENWAY lies on this distribution: 33% of detached houses are smaller than 7 GREENWAY, and 66% of detached houses are larger. Note that EPC data is not available for all properties in Cranbrook.