48, CERNE ROAD, GRAVESEND, DA12 4BW - £331,000

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

48 CERNE ROAD is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £331,000 in June 2018, which was around 40% below the average June 2018 detached price in the Gravesham local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

48 CERNE ROAD Sold Prices

Land registry data shows two sales for 48 CERNE 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 Gravesham local authority area for the corresponding sale date. Both of the two 48 CERNE 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
2018 1 JUN	£331,000	£551,682	40% below HPI
2016 29 SEP	£350,000	£522,464	33% below HPI

48 CERNE ROAD 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 48 CERNE ROAD sales from September 2016 and June 2018 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 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 48 CERNE ROAD?

48 CERNE ROAD is 66m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of detached houses in Gravesend, based on EPC data. The below chart shows the distribution of detached houses by size in Gravesend, and where 48 CERNE ROAD lies on this distribution: 5% of detached houses are smaller than 48 CERNE ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Gravesend.

48 CERNE ROAD: Plot and Title Map

48 CERNE ROAD sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 48 CERNE 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 48 CERNE 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 48 CERNE ROAD?

48 CERNE ROAD is located in GRAVESEND, in the DA12 postcode district. The below map shows the position of No. 48 on CERNE ROAD.