RED ROOF, CARTERS HILL LANE, MEOPHAM, GRAVESEND, DA13 0UG - £545,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RED ROOF is a very small detached house of 85m², built sometime between 1983 and 1990. It was last sold for £545,000 in June 2021, which was around 7% below the average June 2021 detached price in the Gravesham local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

RED ROOF Sold Prices

Land registry data shows three sales for RED ROOF 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 RED ROOF 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
2021 18 JUN	£545,000	£584,680	7% below HPI
2016 15 JUL	£450,000	£512,015	12% below HPI
2012 4 DEC	£308,000	£339,908	9% below HPI

RED ROOF 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 RED ROOF sales between December 2012 and June 2021 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 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is RED ROOF?

RED ROOF is 85m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of detached houses in Culverstone Green, based on EPC data. The below chart shows the distribution of detached houses by size in Culverstone Green, and where RED ROOF lies on this distribution: 18% of detached houses are smaller than RED ROOF, and 82% of houses are larger. Note that EPC data is not available for all properties in Culverstone Green.

RED ROOF: Plot and Title Map

RED ROOF sits on a plot of roughly 0.191 of an acre, or 774m². The below map shows the location of RED ROOF, 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 RED ROOF). 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 RED ROOF?

RED ROOF is located on CARTERS HILL LANE in MEOPHAM, in the DA13 postcode district. The below map shows the position of RED ROOF on CARTERS HILL LANE.