7, SPRING GROVE, GRAVESEND, DA12 1LL - £278,000

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.

7 SPRING GROVE is a very small terraced house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £340,294. It was last sold for £278,000 in March 2018, which was around 9% above the average March 2018 terraced price in the Gravesham local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

7 SPRING GROVE Sold Prices

Land registry data shows five sales for 7 SPRING GROVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Gravesham local authority area for the corresponding sale date. Most of the five 7 SPRING GROVE 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
2018 29 MAR	£278,000	£254,570	9% above HPI
2015 18 NOV	£223,000	£225,241	1% below HPI
2013 11 DEC	£205,000	£174,577	17% above HPI
2001 12 OCT	£124,000	£94,835	31% above HPI
2000 20 APR	£89,000	£73,120	22% above HPI

7 SPRING GROVE 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 five 7 SPRING GROVE sales between April 2000 and March 2018 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 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2018 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 7 SPRING GROVE be worth now?

7 SPRING GROVE might now be worth an estimated £340,294.

This is based on house price inflation of 22.4%, between March 2018 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 22.4% inflationary increase is applied to the most recent sale price for 7 SPRING GROVE of £278,000 on 29th March 2018. For the value to have increased from £278,000 to £340,294 over the seven years and eleven months to April 2026, the following assumptions must hold true:

• The value of 7 SPRING GROVE has moved in line with the HPI for terraced houses in the Gravesham local authority area.
• The March 2018 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPRING GROVE has not materially changed since March 2018.

How Large is 7 SPRING GROVE?

7 SPRING GROVE is 66m² according to the EPC inspection conducted in August 2013. 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 7 SPRING GROVE lies on this distribution: 5% of terraced houses houses are smaller than 7 SPRING GROVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Gravesend.

7 SPRING GROVE: Plot and Title Map

7 SPRING GROVE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 7 SPRING GROVE, 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 7 SPRING GROVE). 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 7 SPRING GROVE?

7 SPRING GROVE is located in GRAVESEND, in the DA12 postcode district. The below map shows the position of No. 7 on SPRING GROVE.