THE STUDIO, GROSVENOR WALK, TUNBRIDGE WELLS, TN1 2BE - £668,280

THE STUDIO is a small detached house of 104m², built sometime before 1900. It was last sold for £668,280 in June 2011, which was around 31% above the average June 2011 detached price in the Tunbridge Wells local authority area. The most recent EPC inspection was July 2010, where the current energy rating was G, and the potential energy rating was G.

THE STUDIO Sold Prices

Land registry data shows two sales for THE STUDIO 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. One of the two THE STUDIO sales was for above the average price, whilst the other 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
2011 10 JUN	£668,280	£509,629	31% above HPI
1996 28 MAY	£120,000	£143,519	16% below HPI

THE STUDIO 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 THE STUDIO sales from May 1996 and June 2011 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 1996 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2011 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is THE STUDIO?

THE STUDIO is 104m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses in Royal Tunbridge Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Tunbridge Wells, and where THE STUDIO lies on this distribution: 20% of detached houses are smaller than THE STUDIO, and 80% of houses are larger. Note that EPC data is not available for all properties in Royal Tunbridge Wells.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.460 of an acre, or 1,862m². The below map shows the location of THE STUDIO, 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 THE STUDIO). 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 THE STUDIO?

THE STUDIO is located on GROSVENOR WALK in TUNBRIDGE WELLS, in the TN1 postcode district. The below map shows the position of THE STUDIO on GROSVENOR WALK.