1, MINSTREL CLOSE, RAINHAM, GILLINGHAM, ME8 8FJ - £550,000

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.

1 MINSTREL CLOSE is a large detached house of 127m², which could now be worth an estimated £544,567. It was last sold for £550,000 in January 2023, which was around 1% above the average January 2023 detached price in the Medway local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was A.

1 MINSTREL CLOSE Sold Prices

Land registry data shows two sales for 1 MINSTREL 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 MINSTREL 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
2023 23 JAN	£550,000	£544,045	1% above HPI
2018 19 JUN	£494,995	£441,835	12% above HPI

1 MINSTREL 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 MINSTREL CLOSE sales from June 2018 and January 2023 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 June 2018 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2023 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 1 MINSTREL CLOSE be worth now?

1 MINSTREL CLOSE might now be worth an estimated £544,567.

This is based on house price deflation of 1%, between January 2023 and February 2025, 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 1% deflationary decrease is applied to the most recent sale price for 1 MINSTREL CLOSE of £550,000 on 23rd January 2023. For the value to have decreased from £550,000 to £544,567 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 MINSTREL CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The January 2023 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MINSTREL CLOSE has not materially changed since January 2023.

How Large is 1 MINSTREL CLOSE?

1 MINSTREL CLOSE is 127m² according to the EPC inspection conducted in May 2018. This puts it in the largest 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 MINSTREL CLOSE lies on this distribution: 60% of detached houses houses are smaller than 1 MINSTREL CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 MINSTREL CLOSE: Plot and Title Map

1 MINSTREL CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 1 MINSTREL 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 MINSTREL 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 MINSTREL CLOSE?

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