12, RIPON CLOSE, RAINHAM, GILLINGHAM, ME8 7BS - £270,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 RIPON CLOSE is a very small semi-detached house of 76m², built sometime between 1950 and 1966. It was last sold for £270,000 in April 2018, which was around 37% below the average April 2018 detached price in the Medway local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

12 RIPON CLOSE Sold Prices

Land registry data shows three sales for 12 RIPON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 12 RIPON 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
2018 11 APR	£270,000	£425,216	37% below HPI
2013 22 FEB	£170,000	£261,360	35% below HPI
2000 26 MAY	£89,995	£131,270	31% below HPI

12 RIPON 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 three 12 RIPON CLOSE sales between May 2000 and April 2018 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 February 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the April 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 12 RIPON CLOSE?

12 RIPON CLOSE is 76m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 12 RIPON CLOSE lies on this distribution: 11% of detached houses are smaller than 12 RIPON CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

12 RIPON CLOSE: Plot and Title Map

12 RIPON CLOSE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 12 RIPON 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 12 RIPON 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 12 RIPON CLOSE?

12 RIPON CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 12 on RIPON CLOSE.