2, SOMERSET CLOSE, SITTINGBOURNE, ME10 1JU - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 SOMERSET CLOSE is a very small extended detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £339,038. It was last sold for £340,000 in August 2023, which was around 29% below the average August 2023 detached price in the Swale local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

2 SOMERSET CLOSE Sold Prices

Land registry data shows three sales for 2 SOMERSET CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 2 SOMERSET CLOSE 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
2023 4 AUG	£340,000	£475,809	29% below HPI
2022 2 MAR	£352,000	£456,158	23% below HPI
1996 28 JUN	£79,950	£83,719	5% below HPI

2 SOMERSET CLOSE 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 three 2 SOMERSET CLOSE sales between June 1996 and August 2023 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 2022 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2023 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 SOMERSET CLOSE be worth now?

2 SOMERSET CLOSE might now be worth an estimated £339,038.

This is based on house price deflation of 0.3%, between August 2023 and February 2025, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.3% deflationary decrease is applied to the most recent sale price for 2 SOMERSET CLOSE of £340,000 on 4th August 2023. For the value to have decreased from £340,000 to £339,038 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 2 SOMERSET CLOSE has moved in line with the HPI for detached houses in the Swale local authority area.
• The August 2023 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SOMERSET CLOSE has not materially changed since August 2023.

How Large is 2 SOMERSET CLOSE?

2 SOMERSET CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses houses in Sittingbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sittingbourne, and where 2 SOMERSET CLOSE lies on this distribution: 9% of detached houses houses are smaller than 2 SOMERSET CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Sittingbourne.

2 SOMERSET CLOSE: Plot and Title Map

2 SOMERSET CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 2 SOMERSET CLOSE, 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 SOMERSET CLOSE). 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 SOMERSET CLOSE?

2 SOMERSET CLOSE is located in SITTINGBOURNE, in the ME10 postcode district. The below map shows the position of No. 2 on SOMERSET CLOSE.