RIOJA, WEST END, MARDEN, TONBRIDGE, TN12 9JA - £385,000

RIOJA is a very small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £385,000 in January 2017, which was around 17% below the average January 2017 detached price in the Maidstone local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

RIOJA Sold Prices

Land registry data shows two sales for RIOJA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Both of the two RIOJA 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 27 JAN	£385,000	£461,168	17% below HPI
2002 3 MAY	£192,500	£216,125	11% below HPI

RIOJA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The two RIOJA sales from May 2002 and January 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 May 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2017 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is RIOJA?

RIOJA is 78m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses in Marden, based on EPC data. The below chart shows the distribution of detached houses by size in Marden, and where RIOJA lies on this distribution: Less than 1% of detached houses are smaller than RIOJA, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Marden.

RIOJA: Plot and Title Map

RIOJA sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of RIOJA, 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 RIOJA). 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 RIOJA?

RIOJA is located on WEST END in MARDEN, in the TN12 postcode district. The below map shows the position of RIOJA on WEST END.