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

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

15 GREENBANK CLOSE is a very large detached house of 160m², built sometime between 1976 and 1982. It was last sold for £455,000 in August 2022, which was around 12% 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	£517,889	12% below HPI
2006 18 SEP	£324,000	£259,731	25% above HPI
1997 18 NOV	£142,000	£98,347	44% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

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 in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 15 GREENBANK CLOSE lies on this distribution: 80% of detached 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.