41, SPRINGVALE, IWADE, SITTINGBOURNE, ME9 8RX - £215,000

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

41 SPRINGVALE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £215,000 in August 2016, which was around 39% below the average August 2016 detached price in the Swale local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

41 SPRINGVALE Sold Prices

Land registry data shows two sales for 41 SPRINGVALE 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. Both of the two 41 SPRINGVALE 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 AUG	£215,000	£353,020	39% below HPI
2004 27 AUG	£154,500	£236,795	35% below HPI

41 SPRINGVALE 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 41 SPRINGVALE sales from August 2004 and August 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 August 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2016 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 41 SPRINGVALE?

41 SPRINGVALE is 63m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses in Iwade, based on EPC data. The below chart shows the distribution of detached houses by size in Iwade, and where 41 SPRINGVALE lies on this distribution: 2% of detached houses are smaller than 41 SPRINGVALE, and 98% of houses are larger. Note that EPC data is not available for all properties in Iwade.

41 SPRINGVALE: Plot and Title Map

41 SPRINGVALE sits on a plot of roughly 0.037 of an acre, or 148m². The below map shows the location of 41 SPRINGVALE, 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 41 SPRINGVALE). 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 41 SPRINGVALE?

41 SPRINGVALE is located in IWADE, in the ME9 postcode district. The below map shows the position of No. 41 on SPRINGVALE.