7, RICHMOND DRIVE, GRAVESEND, DA12 4DJ - £325,000

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

7 RICHMOND DRIVE is a very small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £325,000 in December 2020, which was around 44% below the average December 2020 detached price in the Gravesham local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

7 RICHMOND DRIVE Sold Prices

Land registry data shows four sales for 7 RICHMOND DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. All of the four 7 RICHMOND 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
2020 8 DEC	£325,000	£575,840	44% below HPI
2018 20 JUL	£280,000	£556,070	50% below HPI
2004 22 MAR	£149,995	£307,393	51% below HPI
1996 12 APR	£74,450	£112,569	34% below HPI

7 RICHMOND 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 four 7 RICHMOND DRIVE sales between April 1996 and December 2020 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 July 2018 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the December 2020 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 7 RICHMOND DRIVE?

7 RICHMOND DRIVE is 76m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 20% of detached houses in Gravesend, based on EPC data. The below chart shows the distribution of detached houses by size in Gravesend, and where 7 RICHMOND DRIVE lies on this distribution: 10% of detached houses are smaller than 7 RICHMOND DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Gravesend.

7 RICHMOND DRIVE: Plot and Title Map

7 RICHMOND DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 7 RICHMOND 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 7 RICHMOND 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 7 RICHMOND DRIVE?

7 RICHMOND DRIVE is located in GRAVESEND, in the DA12 postcode district. The below map shows the position of No. 7 on RICHMOND DRIVE.