40, THE BRAES, HIGHAM, ROCHESTER, ME3 7NA - £550,000

40 THE BRAES is a small extended detached house of 100m², built sometime between 2007 and 2011. It was last sold for £550,000 in August 2021, which was around 9% below the average August 2021 detached price in the Gravesham local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

40 THE BRAES Sold Prices

Land registry data shows two sales for 40 THE BRAES 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 40 THE BRAES 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 AUG	£550,000	£605,730	9% below HPI
2011 30 SEP	£290,000	£345,334	16% below HPI

40 THE BRAES 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 40 THE BRAES sales from September 2011 and August 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 September 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 40 THE BRAES?

40 THE BRAES is 100m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the smallest 30% of detached houses in Higham, based on EPC data. The below chart shows the distribution of detached houses by size in Higham, and where 40 THE BRAES lies on this distribution: 22% of detached houses are smaller than 40 THE BRAES, and 77% of houses are larger. Note that EPC data is not available for all properties in Higham.

40 THE BRAES: Plot and Title Map

40 THE BRAES sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 40 THE BRAES, 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 40 THE BRAES). 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 40 THE BRAES?

40 THE BRAES is located in HIGHAM, in the ME3 postcode district. The below map shows the position of No. 40 on THE BRAES.