21, SPRINGVALE, GILLINGHAM, ME8 0JG - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

21 SPRINGVALE is a very large extended detached house of 181m², built sometime between 1930 and 1949. It was last sold for £275,000 in May 2022, which was around 45% below the average May 2022 detached price in the Medway local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

21 SPRINGVALE Sold Prices

Land registry data shows four sales for 21 SPRINGVALE 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. Most of the four 21 SPRINGVALE 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
2022 13 MAY	£275,000	£497,506	45% below HPI
2019 21 NOV	£530,000	£424,663	25% above HPI
2014 17 MAR	£422,500	£284,553	48% above HPI
2001 8 OCT	£170,000	£165,285	3% above HPI

21 SPRINGVALE 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 21 SPRINGVALE sales between October 2001 and May 2022 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 2019 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2022 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 21 SPRINGVALE?

21 SPRINGVALE is 181m², which includes four extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 20% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 21 SPRINGVALE lies on this distribution: 89% of detached houses are smaller than 21 SPRINGVALE, and 11% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

21 SPRINGVALE: Plot and Title Map

21 SPRINGVALE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 21 SPRINGVALE, 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 21 SPRINGVALE). 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 21 SPRINGVALE?

21 SPRINGVALE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 21 on SPRINGVALE.