2, GRAYS WAY, CANTERBURY, CT1 3XY - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 GRAYS WAY is a very small detached house of 76m², built sometime between 1983 and 1990. It was last sold for £300,000 in November 2016, which was around 30% below the average November 2016 detached price in the Canterbury local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

2 GRAYS WAY Sold Prices

Land registry data shows two sales for 2 GRAYS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. Both of the two 2 GRAYS WAY 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
2016 15 NOV	£300,000	£430,234	30% below HPI
2003 5 DEC	£205,000	£235,313	13% below HPI

2 GRAYS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The two 2 GRAYS WAY sales from December 2003 and November 2016 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 December 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 GRAYS WAY?

2 GRAYS WAY is 76m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of detached houses in Canterbury, based on EPC data. The below chart shows the distribution of detached houses by size in Canterbury, and where 2 GRAYS WAY lies on this distribution: 7% of detached houses are smaller than 2 GRAYS WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Canterbury.

2 GRAYS WAY: Plot and Title Map

2 GRAYS WAY sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 2 GRAYS WAY, 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 GRAYS WAY). 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 GRAYS WAY?

2 GRAYS WAY is located in CANTERBURY, in the CT1 postcode district. The below map shows the position of No. 2 on GRAYS WAY.