5, MILLFIELD DRIVE, NORTHFLEET, GRAVESEND, DA11 8BH - £500,000

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.

5 MILLFIELD DRIVE is a very small extended detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £512,653. It was last sold for £500,000 in June 2022, which was around 19% below the average June 2022 detached price in the Gravesham local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

5 MILLFIELD DRIVE Sold Prices

Land registry data shows three sales for 5 MILLFIELD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. All of the three 5 MILLFIELD DRIVE 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
2022 23 JUN	£500,000	£615,527	19% below HPI
2013 27 SEP	£265,000	£344,150	23% below HPI
1996 27 SEP	£93,500	£113,235	17% below HPI

5 MILLFIELD DRIVE 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 three 5 MILLFIELD DRIVE sales between September 1996 and June 2022 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 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 MILLFIELD DRIVE be worth now?

5 MILLFIELD DRIVE might now be worth an estimated £512,653.

This is based on house price inflation of 2.5%, between June 2022 and March 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 2.5% inflationary increase is applied to the most recent sale price for 5 MILLFIELD DRIVE of £500,000 on 23rd June 2022. For the value to have increased from £500,000 to £512,653 over the three years and three months to March 2025, the following assumptions must hold true:

• The value of 5 MILLFIELD DRIVE has moved in line with the HPI for detached houses in the Gravesham local authority area.
• The June 2022 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILLFIELD DRIVE has not materially changed since June 2022.

How Large is 5 MILLFIELD DRIVE?

5 MILLFIELD DRIVE is 77m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the smallest 20% of detached houses houses in Northfleet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Northfleet, and where 5 MILLFIELD DRIVE lies on this distribution: 12% of detached houses houses are smaller than 5 MILLFIELD DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Northfleet.

5 MILLFIELD DRIVE: Plot and Title Map

5 MILLFIELD DRIVE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 5 MILLFIELD DRIVE, 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 5 MILLFIELD DRIVE). 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 5 MILLFIELD DRIVE?

5 MILLFIELD DRIVE is located in NORTHFLEET, in the DA11 postcode district. The below map shows the position of No. 5 on MILLFIELD DRIVE.