18, THE RISE, HEMPSTEAD, GILLINGHAM, ME7 3SS - £350,000

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.

18 THE RISE is a very large detached house of 206m², built sometime between 1983 and 1990, which could now be worth an estimated £667,234. It was last sold for £350,000 in October 2013, which was around 24% above the average October 2013 detached price in the Medway local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

18 THE RISE Sold Prices

Land registry data shows two sales for 18 THE RISE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 18 THE RISE 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
2013 4 OCT	£350,000	£282,562	24% above HPI
2009 29 SEP	£337,500	£241,792	40% above HPI

18 THE RISE 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 two 18 THE RISE sales from September 2009 and October 2013 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 2009 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the October 2013 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 18 THE RISE be worth now?

18 THE RISE might now be worth an estimated £667,234.

This is based on house price inflation of 90.6%, between October 2013 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 90.6% inflationary increase is applied to the most recent sale price for 18 THE RISE of £350,000 on 4th October 2013. For the value to have increased from £350,000 to £667,234 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 18 THE RISE has moved in line with the HPI for detached houses in the Medway local authority area.
• The October 2013 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE RISE has not materially changed since October 2013.

How Large is 18 THE RISE?

18 THE RISE is 206m² according to the EPC inspection conducted in August 2017. This puts it in the largest 10% 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 18 THE RISE lies on this distribution: 94% of detached houses houses are smaller than 18 THE RISE, and 6% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

18 THE RISE: Plot and Title Map

18 THE RISE sits on a plot of roughly 0.147 of an acre, or 593m². The below map shows the location of 18 THE RISE, 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 18 THE RISE). 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 18 THE RISE?

18 THE RISE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 18 on THE RISE.