23, CHERRY TREE ROAD, RAINHAM, GILLINGHAM, ME8 8JY - £318,000

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.

23 CHERRY TREE ROAD is a small extended semi-detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £464,223. It was last sold for £318,000 in March 2016, which was around 32% above the average March 2016 semi-detached price in the Medway local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was C.

23 CHERRY TREE ROAD Sold Prices

Land registry data shows four sales for 23 CHERRY TREE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the four 23 CHERRY TREE ROAD 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
2016 29 MAR	£318,000	£240,855	32% above HPI
2005 26 OCT	£219,000	£165,803	32% above HPI
1999 26 FEB	£81,000	£66,706	21% above HPI
1997 1 DEC	£71,000	£61,875	15% above HPI

23 CHERRY TREE ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The four 23 CHERRY TREE ROAD sales between December 1997 and March 2016 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 October 2005 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the March 2016 sale, which was also at 32% above the HPI.

What might 23 CHERRY TREE ROAD be worth now?

23 CHERRY TREE ROAD might now be worth an estimated £464,223.

This is based on house price inflation of 46%, between March 2016 and February 2025, for semi-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 46% inflationary increase is applied to the most recent sale price for 23 CHERRY TREE ROAD of £318,000 on 29th March 2016. For the value to have increased from £318,000 to £464,223 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 23 CHERRY TREE ROAD has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The March 2016 sale price of £318,000 represented a fair market value for the property.
• The size, condition, and specification of 23 CHERRY TREE ROAD has not materially changed since March 2016.

How Large is 23 CHERRY TREE ROAD?

23 CHERRY TREE ROAD is 91m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of semi-detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gillingham, and where 23 CHERRY TREE ROAD lies on this distribution: 22% of semi-detached houses houses are smaller than 23 CHERRY TREE ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

23 CHERRY TREE ROAD: Plot and Title Map

23 CHERRY TREE ROAD sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 23 CHERRY TREE ROAD, 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 23 CHERRY TREE ROAD). 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 23 CHERRY TREE ROAD?

23 CHERRY TREE ROAD is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 23 on CHERRY TREE ROAD.