2, MAGDALEN CLOSE, HEMPSTEAD, GILLINGHAM, ME7 3TA - £390,000

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

2 MAGDALEN CLOSE is a very large extended detached house of 186m², built sometime between 1983 and 1990. It was last sold for £390,000 in February 2015, which was around 23% above the average February 2015 detached price in the Medway local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

2 MAGDALEN CLOSE Sold Prices

Land registry data shows three sales for 2 MAGDALEN CLOSE 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 2 MAGDALEN 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
2015 24 FEB	£390,000	£316,294	23% above HPI
2000 30 JUN	£167,000	£135,242	23% above HPI
1995 20 JAN	£101,000	£85,551	18% above HPI

2 MAGDALEN CLOSE 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 2 MAGDALEN CLOSE sales between January 1995 and February 2015 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 June 2000 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2015 sale, which was also at 23% above the HPI.

How Large is 2 MAGDALEN CLOSE?

2 MAGDALEN CLOSE is 186m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the largest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 2 MAGDALEN CLOSE lies on this distribution: 90% of detached houses are smaller than 2 MAGDALEN CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 MAGDALEN CLOSE: Plot and Title Map

2 MAGDALEN CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 2 MAGDALEN 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 MAGDALEN 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 MAGDALEN CLOSE?

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