41, THE DROVE WAY, ISTEAD RISE, GRAVESEND, DA13 9JY - £495,000

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 THE DROVE WAY is a large extended detached house of 123m², built sometime between 1967 and 1975. It was last sold for £495,000 in December 2020, which was around 14% below the average December 2020 detached price in the Gravesham local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

41 THE DROVE WAY Sold Prices

Land registry data shows four sales for 41 THE DROVE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. All of the four 41 THE DROVE 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
2020 17 DEC	£495,000	£575,840	14% below HPI
2012 3 AUG	£275,000	£346,710	21% below HPI
2001 5 OCT	£190,000	£227,990	17% below HPI
2000 31 AUG	£157,000	£195,110	20% below HPI

41 THE DROVE WAY 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 four 41 THE DROVE WAY sales between August 2000 and December 2020 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 2012 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 41 THE DROVE WAY?

41 THE DROVE WAY is 123m², which includes three extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% of detached houses in Istead Rise, based on EPC data. The below chart shows the distribution of detached houses by size in Istead Rise, and where 41 THE DROVE WAY lies on this distribution: 64% of detached houses are smaller than 41 THE DROVE WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Istead Rise.

41 THE DROVE WAY: Plot and Title Map

41 THE DROVE WAY sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 41 THE DROVE 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 41 THE DROVE 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 41 THE DROVE WAY?

41 THE DROVE WAY is located in ISTEAD RISE, in the DA13 postcode district. The below map shows the position of No. 41 on THE DROVE WAY.