1, CHALLENGER CLOSE, RAINHAM, GILLINGHAM, ME8 8FH - £440,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 CHALLENGER CLOSE is a small detached house of 104m², which could now be worth an estimated £509,731. It was last sold for £440,000 in February 2021, which was around 4% below the average February 2021 detached price in the Medway local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was A.

1 CHALLENGER CLOSE Sold Prices

Land registry data shows two sales for 1 CHALLENGER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 1 CHALLENGER 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
2021 22 FEB	£440,000	£459,741	4% below HPI
2019 25 JAN	£434,995	£442,906	2% below HPI

1 CHALLENGER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Medway local authority area over time, sourced from the HPI. The two 1 CHALLENGER CLOSE sales from January 2019 and February 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 January 2019 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 1 CHALLENGER CLOSE be worth now?

1 CHALLENGER CLOSE might now be worth an estimated £509,731.

This is based on house price inflation of 15.8%, between February 2021 and December 2024, for detached houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.8% inflationary increase is applied to the most recent sale price for 1 CHALLENGER CLOSE of £440,000 on 22nd February 2021. For the value to have increased from £440,000 to £509,731 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 1 CHALLENGER CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The February 2021 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHALLENGER CLOSE has not materially changed since February 2021.

How Large is 1 CHALLENGER CLOSE?

1 CHALLENGER CLOSE is 104m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 40% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 1 CHALLENGER CLOSE lies on this distribution: 35% of detached houses houses are smaller than 1 CHALLENGER CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 CHALLENGER CLOSE: Plot and Title Map

1 CHALLENGER CLOSE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 1 CHALLENGER 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 1 CHALLENGER 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 1 CHALLENGER CLOSE?

1 CHALLENGER CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 1 on CHALLENGER CLOSE.