2, CORMORANT ROAD, IWADE, SITTINGBOURNE, ME9 8WP - £485,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 CORMORANT ROAD is a large detached house of 129m², built sometime between 2007 and 2011. It was last sold for £485,000 in December 2022, which was around 2% below the average December 2022 detached price in the Swale local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

2 CORMORANT ROAD Sold Prices

Land registry data shows two sales for 2 CORMORANT ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. One of the two 2 CORMORANT ROAD sales was for below the average price, whilst the other was 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
2022 13 DEC	£485,000	£493,282	2% below HPI
2007 26 JUL	£315,000	£268,695	17% above HPI

2 CORMORANT ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The two 2 CORMORANT ROAD sales from July 2007 and December 2022 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 2007 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the December 2022 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 2 CORMORANT ROAD?

2 CORMORANT ROAD is 129m² according to the EPC inspection conducted in September 2022. This puts it in the largest 30% of detached houses in Iwade, based on EPC data. The below chart shows the distribution of detached houses by size in Iwade, and where 2 CORMORANT ROAD lies on this distribution: 78% of detached houses are smaller than 2 CORMORANT ROAD, and 21% of houses are larger. Note that EPC data is not available for all properties in Iwade.

2 CORMORANT ROAD: Plot and Title Map

2 CORMORANT ROAD sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 2 CORMORANT ROAD, 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 2 CORMORANT ROAD). 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 2 CORMORANT ROAD?

2 CORMORANT ROAD is located in IWADE, in the ME9 postcode district. The below map shows the position of No. 2 on CORMORANT ROAD.