42, CORMORANT ROAD, IWADE, SITTINGBOURNE, ME9 8WP - £303,500

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

42 CORMORANT ROAD is a very small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £303,500 in August 2016, which was around 14% below the average August 2016 detached price in the Swale local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

42 CORMORANT ROAD Sold Prices

Land registry data shows two sales for 42 CORMORANT ROAD 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 42 CORMORANT ROAD 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 24 AUG	£303,500	£353,020	14% below HPI
2006 27 OCT	£205,000	£254,712	20% below HPI

42 CORMORANT ROAD 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 42 CORMORANT ROAD sales from October 2006 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 October 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2016 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 42 CORMORANT ROAD?

42 CORMORANT ROAD is 88m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses in Iwade, based on EPC data. The below chart shows the distribution of detached houses by size in Iwade, and where 42 CORMORANT ROAD lies on this distribution: 20% of detached houses are smaller than 42 CORMORANT ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Iwade.

42 CORMORANT ROAD: Plot and Title Map

42 CORMORANT ROAD sits on a plot of roughly 0.418 of an acre, or 1,692m². The below map shows the location of 42 CORMORANT ROAD, 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 42 CORMORANT ROAD). 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 42 CORMORANT ROAD?

42 CORMORANT ROAD is located in IWADE, in the ME9 postcode district. The below map shows the position of No. 42 on CORMORANT ROAD.