15, GREENBANK CLOSE, HEMPSTEAD, GILLINGHAM, ME7 3SG - £455,000

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.

15 GREENBANK CLOSE is a very large detached house of 160m², built sometime between 1976 and 1982, which could now be worth an estimated £460,813. It was last sold for £455,000 in August 2022, which was around 14% below the average August 2022 detached price in the Medway local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was C.

15 GREENBANK CLOSE Sold Prices

Land registry data shows three sales for 15 GREENBANK 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. One of the three 15 GREENBANK CLOSE sales was for below the average price, whilst two 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
2022 24 AUG	£455,000	£531,876	14% below HPI
2006 18 SEP	£324,000	£266,745	21% above HPI
1997 18 NOV	£142,000	£101,003	41% above HPI

15 GREENBANK 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 15 GREENBANK CLOSE sales between November 1997 and August 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 September 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the August 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 15 GREENBANK CLOSE be worth now?

15 GREENBANK CLOSE might now be worth an estimated £460,813.

This is based on house price inflation of 1.3%, between August 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 1.3% inflationary increase is applied to the most recent sale price for 15 GREENBANK CLOSE of £455,000 on 24th August 2022. For the value to have increased from £455,000 to £460,813 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 15 GREENBANK CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2022 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GREENBANK CLOSE has not materially changed since August 2022.

How Large is 15 GREENBANK CLOSE?

15 GREENBANK CLOSE is 160m² according to the EPC inspection conducted in June 2022. This puts it in the largest 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 15 GREENBANK CLOSE lies on this distribution: 80% of detached houses houses are smaller than 15 GREENBANK CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

15 GREENBANK CLOSE: Plot and Title Map

15 GREENBANK CLOSE sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of 15 GREENBANK 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 15 GREENBANK 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 15 GREENBANK CLOSE?

15 GREENBANK CLOSE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 15 on GREENBANK CLOSE.