8, OAK CLOSE, BORDEN, SITTINGBOURNE, ME9 7BF - £320,500

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.

8 OAK CLOSE is a very small terraced house of 73m², built sometime between 2007 and 2011, which could now be worth an estimated £314,608. It was last sold for £320,500 in August 2022, which was around 25% above the average August 2022 terraced price in the Swale local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

8 OAK CLOSE Sold Prices

Land registry data shows three sales for 8 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Swale local authority area for the corresponding sale date. All of the three 8 OAK CLOSE 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
2022 30 AUG	£320,500	£255,681	25% above HPI
2015 17 MAR	£180,000	£159,343	13% above HPI
2010 30 APR	£139,000	£131,924	5% above HPI

8 OAK CLOSE 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 three 8 OAK CLOSE sales between April 2010 and August 2022 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 March 2015 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 8 OAK CLOSE be worth now?

8 OAK CLOSE might now be worth an estimated £314,608.

This is based on house price deflation of 1.8%, between August 2022 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 1.8% deflationary decrease is applied to the most recent sale price for 8 OAK CLOSE of £320,500 on 30th August 2022. For the value to have decreased from £320,500 to £314,608 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 8 OAK CLOSE has moved in line with the HPI for terraced houses in the Swale local authority area.
• The August 2022 sale price of £320,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OAK CLOSE has not materially changed since August 2022.

How Large is 8 OAK CLOSE?

8 OAK CLOSE is 73m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of terraced houses houses in Danaway, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Danaway, and where 8 OAK CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 8 OAK CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Danaway.

8 OAK CLOSE: Plot and Title Map

8 OAK CLOSE sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 8 OAK 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 8 OAK 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 8 OAK CLOSE?

8 OAK CLOSE is located in BORDEN, in the ME9 postcode district. The below map shows the position of No. 8 on OAK CLOSE.