12, THE DRIVE, GRAVESEND, DA12 4BZ - £165,000

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.

12 THE DRIVE is a very small terraced house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £326,718. It was last sold for £165,000 in December 2009, which was around 5% above the average December 2009 terraced price in the Gravesham local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was C.

12 THE DRIVE Sold Prices

Land registry data shows three sales for 12 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gravesham local authority area for the corresponding sale date. All of the three 12 THE DRIVE 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
2009 17 DEC	£165,000	£156,960	5% above HPI
2008 28 JUL	£200,000	£172,569	16% above HPI
2002 25 APR	£140,000	£98,321	42% above HPI

12 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gravesham local authority area over time, sourced from the HPI. The three 12 THE DRIVE sales between April 2002 and December 2009 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 2008 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2009 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 12 THE DRIVE be worth now?

12 THE DRIVE might now be worth an estimated £326,718.

This is based on house price inflation of 98%, between December 2009 and May 2026, for terraced 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 98% inflationary increase is applied to the most recent sale price for 12 THE DRIVE of £165,000 on 17th December 2009. For the value to have increased from £165,000 to £326,718 over the seventeen years and seven months to May 2026, the following assumptions must hold true:

• The value of 12 THE DRIVE has moved in line with the HPI for terraced houses in the Gravesham local authority area.
• The December 2009 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE DRIVE has not materially changed since December 2009.

How Large is 12 THE DRIVE?

12 THE DRIVE is 70m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 10% of terraced houses houses in Gravesend, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gravesend, and where 12 THE DRIVE lies on this distribution: 7% of terraced houses houses are smaller than 12 THE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Gravesend.

12 THE DRIVE: Plot and Title Map

12 THE DRIVE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 12 THE 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 12 THE 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 12 THE DRIVE?

12 THE DRIVE is located in GRAVESEND, in the DA12 postcode district. The below map shows the position of No. 12 on THE DRIVE.