17, PUMP LANE, RAINHAM, GILLINGHAM, ME8 7AB - £615,000

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

17 PUMP LANE is a large detached house of 135m², built sometime between 1930 and 1949. It was last sold for £615,000 in February 2024, which was around 24% above the average February 2024 detached price in the Medway local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

17 PUMP LANE Sold Prices

Land registry data shows three sales for 17 PUMP LANE 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 PUMP 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
2024 8 FEB	£615,000	£497,497	24% above HPI
1998 9 APR	£151,000	£100,653	50% above HPI
1996 20 JUL	£115,000	£83,450	38% above HPI

17 PUMP LANE 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 PUMP LANE sales between July 1996 and February 2024 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 1998 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the February 2024 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 17 PUMP LANE?

17 PUMP LANE is 135m² according to the EPC inspection conducted in November 2015. This puts it in the largest 40% 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 PUMP LANE lies on this distribution: 67% of detached houses are smaller than 17 PUMP LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

17 PUMP LANE: Plot and Title Map

17 PUMP LANE sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of 17 PUMP 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 17 PUMP 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 17 PUMP LANE?

17 PUMP LANE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 17 on PUMP LANE.