56, SCHOOL LANE, IWADE, SITTINGBOURNE, ME9 8SE - £420,000

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

56 SCHOOL LANE is a very large detached house of 137m², built sometime between 2003 and 2006. It was last sold for £420,000 in July 2019, which was around 6% above the average July 2019 detached price in the Swale local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

56 SCHOOL LANE Sold Prices

Land registry data shows two sales for 56 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. Both of the two 56 SCHOOL LANE sales were for above 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
2019 9 JUL	£420,000	£394,534	6% above HPI
2006 13 FEB	£296,500	£244,111	21% above HPI

56 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 56 SCHOOL LANE sales from February 2006 and July 2019 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 February 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2019 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 56 SCHOOL LANE?

56 SCHOOL LANE is 137m² according to the EPC inspection conducted in December 2018. This puts it in the largest 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 56 SCHOOL LANE lies on this distribution: 84% of detached houses are smaller than 56 SCHOOL LANE, and 16% of houses are larger. Note that EPC data is not available for all properties in Iwade.

56 SCHOOL LANE: Plot and Title Map

56 SCHOOL LANE sits on a plot of roughly 0.087 of an acre, or 350m². The below map shows the location of 56 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 56 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 56 SCHOOL LANE?

56 SCHOOL LANE is located in IWADE, in the ME9 postcode district. The below map shows the position of No. 56 on SCHOOL LANE.