SCHOOL BUNGALOW, ERSKINE ROAD, VIGO, GRAVESEND, DA13 0RL - £225,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SCHOOL BUNGALOW is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £310,140. It was last sold for £225,000 in November 2015, which was around 51% below the average November 2015 detached price in the Gravesham local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

SCHOOL BUNGALOW Sold Prices

Land registry data shows two sales for SCHOOL BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. Both of the two SCHOOL BUNGALOW 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
2015 27 NOV	£225,000	£456,198	51% below HPI
2008 16 MAY	£175,000	£347,499	50% below HPI

SCHOOL BUNGALOW 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 two SCHOOL BUNGALOW sales from May 2008 and November 2015 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 May 2008 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2015 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might SCHOOL BUNGALOW be worth now?

SCHOOL BUNGALOW might now be worth an estimated £310,140.

This is based on house price inflation of 37.8%, between November 2015 and February 2025, for detached houses, in the Gravesham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.8% inflationary increase is applied to the most recent sale price for SCHOOL BUNGALOW of £225,000 on 27th November 2015. For the value to have increased from £225,000 to £310,140 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of SCHOOL BUNGALOW has moved in line with the HPI for detached houses in the Gravesham local authority area.
• The November 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL BUNGALOW has not materially changed since November 2015.

How Large is SCHOOL BUNGALOW?

SCHOOL BUNGALOW is 82m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of detached houses houses in Vigo Village, based on EPC data. The below chart shows the distribution of detached houses houses by size in Vigo Village, and where SCHOOL BUNGALOW lies on this distribution: 2% of detached houses houses are smaller than SCHOOL BUNGALOW, and 98% of houses are larger. Note that EPC data is not available for all properties in Vigo Village.

SCHOOL BUNGALOW: Plot and Title Map

SCHOOL BUNGALOW sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of SCHOOL BUNGALOW, 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 SCHOOL BUNGALOW). 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 SCHOOL BUNGALOW?

SCHOOL BUNGALOW is located on ERSKINE ROAD in VIGO, in the DA13 postcode district. The below map shows the position of SCHOOL BUNGALOW on ERSKINE ROAD.