FURZEFIELD FARM, FURZEFIELD AVENUE, SPELDHURST, TUNBRIDGE WELLS, TN3 0LD - £1,480,000

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.

FURZEFIELD FARM is a very large extended detached house of 286m², built sometime between 1930 and 1949, which could now be worth an estimated £1,734,731. It was last sold for £1,480,000 in June 2021, which was around 94% above the average June 2021 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was C.

FURZEFIELD FARM Sold Prices

Land registry data shows two sales for FURZEFIELD FARM 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 FURZEFIELD FARM sales were for above 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
2021 30 JUN	£1,480,000	£762,708	94% above HPI
2002 3 MAY	£611,500	£322,215	90% above HPI

FURZEFIELD FARM 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 FURZEFIELD FARM sales from May 2002 and June 2021 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 May 2002 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the June 2021 sale, where it rises to 94% above the HPI. The line then continues to track at 94% above the HPI.

What might FURZEFIELD FARM be worth now?

FURZEFIELD FARM might now be worth an estimated £1,734,731.

This is based on house price inflation of 17.2%, between June 2021 and June 2025, 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 17.2% inflationary increase is applied to the most recent sale price for FURZEFIELD FARM of £1,480,000 on 30th June 2021. For the value to have increased from £1,480,000 to £1,734,731 over the four years to June 2025, the following assumptions must hold true:

• The value of FURZEFIELD FARM has moved in line with the HPI for detached houses in the Tunbridge Wells local authority area.
• The June 2021 sale price of £1,480,000 represented a fair market value for the property.
• The size, condition, and specification of FURZEFIELD FARM has not materially changed since June 2021.

How Large is FURZEFIELD FARM?

FURZEFIELD FARM is 286m², which includes two extensions, according to the EPC inspection conducted in January 2021. This puts it in the largest 20% of detached houses houses in Speldhurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Speldhurst, and where FURZEFIELD FARM lies on this distribution: 87% of detached houses houses are smaller than FURZEFIELD FARM, and 12% of houses are larger. Note that EPC data is not available for all properties in Speldhurst.

FURZEFIELD FARM: Plot and Title Map

FURZEFIELD FARM sits on a plot of roughly 0.338 of an acre, or 1,367m². The below map shows the location of FURZEFIELD FARM, 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 FURZEFIELD FARM). 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 FURZEFIELD FARM?

FURZEFIELD FARM is located on FURZEFIELD AVENUE in SPELDHURST, in the TN3 postcode district. The below map shows the position of FURZEFIELD FARM on FURZEFIELD AVENUE.