121, OTTERHAM QUAY LANE, RAINHAM, GILLINGHAM, ME8 8NH - £325,000

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

121 OTTERHAM QUAY LANE is a very small extended semi-detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £426,785. It was last sold for £325,000 in February 2017, which was around 22% above the average February 2017 semi-detached price in the Medway local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

121 OTTERHAM QUAY LANE Sold Prices

Land registry data shows two sales for 121 OTTERHAM QUAY LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. Both of the two 121 OTTERHAM QUAY LANE 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
2017 14 FEB	£325,000	£265,354	22% above HPI
1997 23 AUG	£73,500	£59,538	23% above HPI

121 OTTERHAM QUAY LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The two 121 OTTERHAM QUAY LANE sales from August 1997 and February 2017 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 August 1997 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2017 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 121 OTTERHAM QUAY LANE be worth now?

121 OTTERHAM QUAY LANE might now be worth an estimated £426,785.

This is based on house price inflation of 31.3%, between February 2017 and December 2024, for semi-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 31.3% inflationary increase is applied to the most recent sale price for 121 OTTERHAM QUAY LANE of £325,000 on 14th February 2017. For the value to have increased from £325,000 to £426,785 over the six years and two months to December 2024, the following assumptions must hold true:

• The value of 121 OTTERHAM QUAY LANE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The February 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 121 OTTERHAM QUAY LANE has not materially changed since February 2017.

How Large is 121 OTTERHAM QUAY LANE?

121 OTTERHAM QUAY LANE is 87m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of semi-detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gillingham, and where 121 OTTERHAM QUAY LANE lies on this distribution: 18% of semi-detached houses houses are smaller than 121 OTTERHAM QUAY LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

121 OTTERHAM QUAY LANE: Plot and Title Map

121 OTTERHAM QUAY LANE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 121 OTTERHAM QUAY LANE, 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 121 OTTERHAM QUAY LANE). 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 121 OTTERHAM QUAY LANE?

121 OTTERHAM QUAY LANE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 121 on OTTERHAM QUAY LANE.