5, SCHOOL LANE, IWADE, SITTINGBOURNE, ME9 8RS - £670,000

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

5 SCHOOL LANE is a very large extended detached house of 239m², built sometime between 1930 and 1949. It was last sold for £670,000 in June 2023, which was around 39% above the average June 2023 detached price in the Swale local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

5 SCHOOL LANE Sold Prices

Land registry data shows two sales for 5 SCHOOL LANE 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. One of the two 5 SCHOOL LANE sales was for above the average price, whilst the other was 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
2023 28 JUN	£670,000	£480,663	39% above HPI
2020 18 DEC	£267,500	£433,014	38% below HPI

5 SCHOOL LANE 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 5 SCHOOL LANE sales from December 2020 and June 2023 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 December 2020 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the June 2023 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 5 SCHOOL LANE?

5 SCHOOL LANE is 239m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 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 5 SCHOOL LANE lies on this distribution: More than 99% of detached houses are smaller than 5 SCHOOL LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Iwade.

5 SCHOOL LANE: Plot and Title Map

5 SCHOOL LANE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of 5 SCHOOL LANE, 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 SCHOOL LANE). 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 SCHOOL LANE?

5 SCHOOL LANE is located in IWADE, in the ME9 postcode district. The below map shows the position of No. 5 on SCHOOL LANE.