2, CHAPEL LANE, HEMPSTEAD, GILLINGHAM, ME7 3TD - £550,000

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 CHAPEL LANE is a very large extended detached house of 177m², built sometime between 1976 and 1982, which could now be worth an estimated £678,954. It was last sold for £550,000 in June 2020, which was around 26% above the average June 2020 detached price in the Medway local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

2 CHAPEL LANE Sold Prices

Land registry data shows two sales for 2 CHAPEL LANE 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 2 CHAPEL 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
2020 12 JUN	£550,000	£436,361	26% above HPI
2013 7 JAN	£432,500	£269,321	61% above HPI

2 CHAPEL 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 two 2 CHAPEL LANE sales from January 2013 and June 2020 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 January 2013 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the June 2020 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 2 CHAPEL LANE be worth now?

2 CHAPEL LANE might now be worth an estimated £678,954.

This is based on house price inflation of 23.4%, between June 2020 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 23.4% inflationary increase is applied to the most recent sale price for 2 CHAPEL LANE of £550,000 on 12th June 2020. For the value to have increased from £550,000 to £678,954 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 2 CHAPEL LANE has moved in line with the HPI for detached houses in the Medway local authority area.
• The June 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHAPEL LANE has not materially changed since June 2020.

How Large is 2 CHAPEL LANE?

2 CHAPEL LANE is 177m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 20% 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 2 CHAPEL LANE lies on this distribution: 87% of detached houses houses are smaller than 2 CHAPEL LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 CHAPEL LANE: Plot and Title Map

2 CHAPEL LANE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 2 CHAPEL 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 2 CHAPEL 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 2 CHAPEL LANE?

2 CHAPEL LANE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 2 on CHAPEL LANE.