3, CORMORANT ROAD, IWADE, SITTINGBOURNE, ME9 8WP - £190,000

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.

3 CORMORANT ROAD is a small terraced house of 101m², built sometime between 2003 and 2006, which could now be worth an estimated £348,674. It was last sold for £190,000 in June 2010, which was around 39% above the average June 2010 terraced price in the Swale local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

3 CORMORANT ROAD Sold Prices

Land registry data shows two sales for 3 CORMORANT ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Swale local authority area for the corresponding sale date. Both of the two 3 CORMORANT ROAD 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
2010 23 JUN	£190,000	£136,765	39% above HPI
2006 9 NOV	£232,000	£142,463	63% above HPI

3 CORMORANT ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Swale local authority area over time, sourced from the HPI. The two 3 CORMORANT ROAD sales from November 2006 and June 2010 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 November 2006 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the June 2010 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 3 CORMORANT ROAD be worth now?

3 CORMORANT ROAD might now be worth an estimated £348,674.

This is based on house price inflation of 83.5%, between June 2010 and May 2026, for terraced houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 83.5% inflationary increase is applied to the most recent sale price for 3 CORMORANT ROAD of £190,000 on 23rd June 2010. For the value to have increased from £190,000 to £348,674 over the sixteen years and one month to May 2026, the following assumptions must hold true:

• The value of 3 CORMORANT ROAD has moved in line with the HPI for terraced houses in the Swale local authority area.
• The June 2010 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CORMORANT ROAD has not materially changed since June 2010.

How Large is 3 CORMORANT ROAD?

3 CORMORANT ROAD is 101m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 40% of terraced houses houses in Iwade, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Iwade, and where 3 CORMORANT ROAD lies on this distribution: 36% of terraced houses houses are smaller than 3 CORMORANT ROAD, and 64% of houses are larger. Note that EPC data is not available for all properties in Iwade.

3 CORMORANT ROAD: Plot and Title Map

3 CORMORANT ROAD sits on a plot of roughly 0.889 of an acre, or 3,598m². The below map shows the location of 3 CORMORANT ROAD, 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 3 CORMORANT ROAD). 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 3 CORMORANT ROAD?

3 CORMORANT ROAD is located in IWADE, in the ME9 postcode district. The below map shows the position of No. 3 on CORMORANT ROAD.