17, MAGDALEN CLOSE, HEMPSTEAD, GILLINGHAM, ME7 3TA - £700,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

17 MAGDALEN CLOSE is a very large extended detached house of 184m², built sometime between 1983 and 1990. It was last sold for £700,000 in August 2022, which was around 36% above the average August 2022 detached price in the Medway local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was C.

17 MAGDALEN CLOSE Sold Prices

Land registry data shows three sales for 17 MAGDALEN 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 17 MAGDALEN CLOSE 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
2022 9 AUG	£700,000	£516,185	36% above HPI
2008 18 APR	£483,000	£278,116	74% above HPI
2005 28 JAN	£399,000	£247,657	61% above HPI

17 MAGDALEN 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 17 MAGDALEN CLOSE sales between January 2005 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 April 2008 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the August 2022 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 17 MAGDALEN CLOSE?

17 MAGDALEN CLOSE is 184m², which includes two extensions, according to the EPC inspection conducted in June 2020. 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 17 MAGDALEN CLOSE lies on this distribution: 90% of detached houses are smaller than 17 MAGDALEN CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

17 MAGDALEN CLOSE: Plot and Title Map

17 MAGDALEN CLOSE sits on a plot of roughly 0.161 of an acre, or 651m². The below map shows the location of 17 MAGDALEN 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 17 MAGDALEN 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 17 MAGDALEN CLOSE?

17 MAGDALEN CLOSE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 17 on MAGDALEN CLOSE.