1, LINEACRE CLOSE, GILLINGHAM, ME8 9NW - £167,000

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 LINEACRE CLOSE is a very small detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £357,804. It was last sold for £167,000 in July 2004, which was around 33% below the average July 2004 detached price in the Medway local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

1 LINEACRE CLOSE Sold Prices

Land registry data shows two sales for 1 LINEACRE 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 LINEACRE 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
2004 30 JUL	£167,000	£248,584	33% below HPI
1997 29 MAY	£73,500	£92,513	21% below HPI

1 LINEACRE 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 LINEACRE CLOSE sales from May 1997 and July 2004 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 May 1997 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2004 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 1 LINEACRE CLOSE be worth now?

1 LINEACRE CLOSE might now be worth an estimated £357,804.

This is based on house price inflation of 114.3%, between July 2004 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 114.3% inflationary increase is applied to the most recent sale price for 1 LINEACRE CLOSE of £167,000 on 30th July 2004. For the value to have increased from £167,000 to £357,804 over the nineteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 1 LINEACRE CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The July 2004 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LINEACRE CLOSE has not materially changed since July 2004.

How Large is 1 LINEACRE CLOSE?

1 LINEACRE CLOSE is 72m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% 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 LINEACRE CLOSE lies on this distribution: 9% of detached houses houses are smaller than 1 LINEACRE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 LINEACRE CLOSE: Plot and Title Map

1 LINEACRE CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 1 LINEACRE 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 LINEACRE 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 LINEACRE CLOSE?

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