10, CHENEY CLOSE, GILLINGHAM, ME8 9PB - £375,000

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

10 CHENEY CLOSE is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £394,672. It was last sold for £375,000 in April 2022, which was around 27% below the average April 2022 detached price in the Medway local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

10 CHENEY CLOSE Sold Prices

Land registry data shows two sales for 10 CHENEY 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 10 CHENEY 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
2022 26 APR	£375,000	£511,821	27% below HPI
1996 4 APR	£68,250	£85,585	20% below HPI

10 CHENEY 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 10 CHENEY CLOSE sales from April 1996 and April 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 April 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 10 CHENEY CLOSE be worth now?

10 CHENEY CLOSE might now be worth an estimated £394,672.

This is based on house price inflation of 5.2%, between April 2022 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 5.2% inflationary increase is applied to the most recent sale price for 10 CHENEY CLOSE of £375,000 on 26th April 2022. For the value to have increased from £375,000 to £394,672 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 10 CHENEY CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The April 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 10 CHENEY CLOSE has not materially changed since April 2022.

How Large is 10 CHENEY CLOSE?

10 CHENEY CLOSE is 68m² according to the EPC inspection conducted in January 2022. 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 10 CHENEY CLOSE lies on this distribution: 7% of detached houses houses are smaller than 10 CHENEY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

10 CHENEY CLOSE: Plot and Title Map

10 CHENEY CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 10 CHENEY 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 10 CHENEY 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 10 CHENEY CLOSE?

10 CHENEY CLOSE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 10 on CHENEY CLOSE.