GREENGATES, TESTON ROAD, OFFHAM, WEST MALLING, ME19 5PD - £391,000

GREENGATES is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £391,000 in August 2018, which was around 36% below the average August 2018 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

GREENGATES Sold Prices

Land registry data shows two sales for GREENGATES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tonbridge and Malling local authority area for the corresponding sale date. Both of the two GREENGATES 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 AUG	£391,000	£612,319	36% below HPI
2017 7 JUN	£285,000	£575,289	50% below HPI

GREENGATES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The two GREENGATES sales from June 2017 and August 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 June 2017 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the August 2018 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is GREENGATES?

GREENGATES is 63m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Offham, based on EPC data. The below chart shows the distribution of detached houses by size in Offham, and where GREENGATES lies on this distribution: Less than 1% of detached houses are smaller than GREENGATES, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Offham.

GREENGATES: Plot and Title Map

GREENGATES sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of GREENGATES, 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 GREENGATES). 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 GREENGATES?

GREENGATES is located on TESTON ROAD in OFFHAM, in the ME19 postcode district. The below map shows the position of GREENGATES on TESTON ROAD.