14, SHOREFIELDS, RAINHAM, GILLINGHAM, ME8 8SB - £360,000

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.

14 SHOREFIELDS is a very small detached house of 75m², built sometime between 1991 and 1995, which could now be worth an estimated £424,304. It was last sold for £360,000 in May 2021, which was around 21% below the average May 2021 detached price in the Medway local authority area. The most recent EPC inspection was April 2020, where the current energy rating was C, and the potential energy rating was B.

14 SHOREFIELDS Sold Prices

Land registry data shows four sales for 14 SHOREFIELDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Most of the four 14 SHOREFIELDS 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
2021 21 MAY	£360,000	£457,035	21% below HPI
2007 29 MAY	£265,000	£272,662	3% below HPI
2006 24 FEB	£249,995	£253,910	2% below HPI
1997 27 JUN	£96,950	£94,109	3% above HPI

14 SHOREFIELDS 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 four 14 SHOREFIELDS sales between June 1997 and May 2021 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 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 14 SHOREFIELDS be worth now?

14 SHOREFIELDS might now be worth an estimated £424,304.

This is based on house price inflation of 17.9%, between May 2021 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 17.9% inflationary increase is applied to the most recent sale price for 14 SHOREFIELDS of £360,000 on 21st May 2021. For the value to have increased from £360,000 to £424,304 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 14 SHOREFIELDS has moved in line with the HPI for detached houses in the Medway local authority area.
• The May 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 14 SHOREFIELDS has not materially changed since May 2021.

How Large is 14 SHOREFIELDS?

14 SHOREFIELDS is 75m² according to the EPC inspection conducted in April 2020. This puts it in the smallest 20% 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 14 SHOREFIELDS lies on this distribution: 10% of detached houses houses are smaller than 14 SHOREFIELDS, and 89% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

14 SHOREFIELDS: Plot and Title Map

14 SHOREFIELDS sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 14 SHOREFIELDS, 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 14 SHOREFIELDS). 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 14 SHOREFIELDS?

14 SHOREFIELDS is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 14 on SHOREFIELDS.