PAYGATE COTTAGE, HORSMONDEN ROAD, BRENCHLEY, TONBRIDGE, TN12 7AB - £517,500

PAYGATE COTTAGE is a very small extended detached house of 64m², built sometime before 1900. It was last sold for £517,500 in May 2017, which was around 26% below the average May 2017 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

PAYGATE COTTAGE Sold Prices

Land registry data shows four sales for PAYGATE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Tunbridge Wells local authority area for the corresponding sale date. All of the four PAYGATE COTTAGE 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
2017 31 MAY	£517,500	£699,099	26% below HPI
2008 26 MAR	£420,000	£492,784	15% below HPI
1998 16 OCT	£143,000	£204,255	30% below HPI
1997 31 OCT	£140,000	£178,487	22% below HPI

PAYGATE COTTAGE 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 four PAYGATE COTTAGE sales between October 1997 and May 2017 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 March 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2017 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is PAYGATE COTTAGE?

PAYGATE COTTAGE is 64m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses in Brenchley, based on EPC data. The below chart shows the distribution of detached houses by size in Brenchley, and where PAYGATE COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than PAYGATE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Brenchley.

PAYGATE COTTAGE: Plot and Title Map

PAYGATE COTTAGE sits on a plot of roughly 0.449 of an acre, or 1,818m². The below map shows the location of PAYGATE COTTAGE, 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 PAYGATE COTTAGE). 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 PAYGATE COTTAGE?

PAYGATE COTTAGE is located on HORSMONDEN ROAD in BRENCHLEY, in the TN12 postcode district. The below map shows the position of PAYGATE COTTAGE on HORSMONDEN ROAD.