2, ELDER COURT, GILLINGHAM, ME8 0EA - £300,000

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 ELDER COURT is a small detached house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £616,956. It was last sold for £300,000 in January 2012, which was around 15% above the average January 2012 detached price in the Medway local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

2 ELDER COURT Sold Prices

Land registry data shows four sales for 2 ELDER COURT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 2 ELDER COURT 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
2012 10 JAN	£300,000	£261,706	15% above HPI
2006 3 MAR	£285,000	£254,022	12% above HPI
2002 27 SEP	£238,000	£204,877	16% above HPI
1997 24 MAR	£128,000	£91,606	40% above HPI

2 ELDER COURT 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 four 2 ELDER COURT sales between March 1997 and January 2012 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 March 2006 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2012 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 ELDER COURT be worth now?

2 ELDER COURT might now be worth an estimated £616,956.

This is based on house price inflation of 105.7%, between January 2012 and March 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 105.7% inflationary increase is applied to the most recent sale price for 2 ELDER COURT of £300,000 on 10th January 2012. For the value to have increased from £300,000 to £616,956 over the twelve years and ten months to March 2025, the following assumptions must hold true:

• The value of 2 ELDER COURT has moved in line with the HPI for detached houses in the Medway local authority area.
• The January 2012 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELDER COURT has not materially changed since January 2012.

How Large is 2 ELDER COURT?

2 ELDER COURT is 106m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 40% 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 ELDER COURT lies on this distribution: 37% of detached houses houses are smaller than 2 ELDER COURT, and 63% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 ELDER COURT: Plot and Title Map

2 ELDER COURT sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 2 ELDER COURT, 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 ELDER COURT). 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 ELDER COURT?

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