2, CAPEL CLOSE, GILLINGHAM, ME8 9TF - £225,000

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.

2 CAPEL CLOSE is a small extended terraced house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £279,164. It was last sold for £225,000 in January 2018, which was around 3% above the average January 2018 terraced price in the Medway local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

2 CAPEL CLOSE Sold Prices

Land registry data shows three sales for 2 CAPEL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. All of the three 2 CAPEL 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
2018 10 JAN	£225,000	£217,627	3% above HPI
2007 5 NOV	£185,000	£154,357	20% above HPI
2003 17 MAR	£128,000	£102,185	25% above HPI

2 CAPEL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The three 2 CAPEL CLOSE sales between March 2003 and January 2018 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 November 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the January 2018 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 2 CAPEL CLOSE be worth now?

2 CAPEL CLOSE might now be worth an estimated £279,164.

This is based on house price inflation of 24.1%, between January 2018 and June 2025, for terraced 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 24.1% inflationary increase is applied to the most recent sale price for 2 CAPEL CLOSE of £225,000 on 10th January 2018. For the value to have increased from £225,000 to £279,164 over the six years and seven months to June 2025, the following assumptions must hold true:

• The value of 2 CAPEL CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The January 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CAPEL CLOSE has not materially changed since January 2018.

How Large is 2 CAPEL CLOSE?

2 CAPEL CLOSE is 91m², which includes two extensions, according to the EPC inspection conducted in July 2017. This puts it in the smallest 30% of terraced houses houses in Gillingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gillingham, and where 2 CAPEL CLOSE lies on this distribution: 22% of terraced houses houses are smaller than 2 CAPEL CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 CAPEL CLOSE: Plot and Title Map

2 CAPEL CLOSE sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of 2 CAPEL 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 2 CAPEL 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 2 CAPEL CLOSE?

2 CAPEL CLOSE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 2 on CAPEL CLOSE.