40, THE BRAES, HIGHAM, ROCHESTER, ME3 7NA - £550,000

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.

40 THE BRAES is a small extended detached house of 100m², built sometime between 2007 and 2011, which could now be worth an estimated £609,590. It was last sold for £550,000 in August 2021, which was around 3% below the average August 2021 detached price in the Gravesham local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

40 THE BRAES Sold Prices

Land registry data shows two sales for 40 THE BRAES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. Both of the two 40 THE BRAES 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
2021 18 AUG	£550,000	£567,354	3% below HPI
2011 30 SEP	£290,000	£330,838	12% below HPI

40 THE BRAES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gravesham local authority area over time, sourced from the HPI. The two 40 THE BRAES sales from September 2011 and August 2021 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 September 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 40 THE BRAES be worth now?

40 THE BRAES might now be worth an estimated £609,590.

This is based on house price inflation of 10.8%, between August 2021 and February 2025, for detached houses, in the Gravesham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.8% inflationary increase is applied to the most recent sale price for 40 THE BRAES of £550,000 on 18th August 2021. For the value to have increased from £550,000 to £609,590 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 40 THE BRAES has moved in line with the HPI for detached houses in the Gravesham local authority area.
• The August 2021 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 40 THE BRAES has not materially changed since August 2021.

How Large is 40 THE BRAES?

40 THE BRAES is 100m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the smallest 30% of detached houses houses in Higham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Higham, and where 40 THE BRAES lies on this distribution: 23% of detached houses houses are smaller than 40 THE BRAES, and 76% of houses are larger. Note that EPC data is not available for all properties in Higham.

40 THE BRAES: Plot and Title Map

40 THE BRAES sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 40 THE BRAES, 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 40 THE BRAES). 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 40 THE BRAES?

40 THE BRAES is located in HIGHAM, in the ME3 postcode district. The below map shows the position of No. 40 on THE BRAES.