41, LORTON CLOSE, GRAVESEND, DA12 4HA - £240,000

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.

41 LORTON CLOSE is a very small terraced house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £302,106. It was last sold for £240,000 in April 2017, which was around 3% below the average April 2017 terraced price in the Gravesham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

41 LORTON CLOSE Sold Prices

Land registry data shows four sales for 41 LORTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Gravesham local authority area for the corresponding sale date. All of the four 41 LORTON CLOSE 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
2017 6 APR	£240,000	£247,553	3% below HPI
2004 5 NOV	£147,000	£147,750	1% below HPI
2003 31 OCT	£123,000	£136,447	10% below HPI
1999 30 JUL	£66,000	£67,710	3% below HPI

41 LORTON CLOSE 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 four 41 LORTON CLOSE sales between July 1999 and April 2017 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 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2017 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 41 LORTON CLOSE be worth now?

41 LORTON CLOSE might now be worth an estimated £302,106.

This is based on house price inflation of 25.9%, between April 2017 and April 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 25.9% inflationary increase is applied to the most recent sale price for 41 LORTON CLOSE of £240,000 on 6th April 2017. For the value to have increased from £240,000 to £302,106 over the nine years to April 2026, the following assumptions must hold true:

• The value of 41 LORTON CLOSE has moved in line with the HPI for terraced houses in the Gravesham local authority area.
• The April 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 41 LORTON CLOSE has not materially changed since April 2017.

How Large is 41 LORTON CLOSE?

41 LORTON CLOSE is 78m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% 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 41 LORTON CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 41 LORTON CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Gravesend.

41 LORTON CLOSE: Plot and Title Map

41 LORTON CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 41 LORTON CLOSE, 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 41 LORTON CLOSE). 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 41 LORTON CLOSE?

41 LORTON CLOSE is located in GRAVESEND, in the DA12 postcode district. The below map shows the position of No. 41 on LORTON CLOSE.