23, SPRINGVALE, GILLINGHAM, ME8 0JG - £605,000

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

23 SPRINGVALE is a small extended detached house of 106m², built sometime between 1900 and 1929. It was last sold for £605,000 in February 2021, which was around 35% above the average February 2021 detached price in the Medway local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

23 SPRINGVALE Sold Prices

Land registry data shows three sales for 23 SPRINGVALE 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 23 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
2021 4 FEB	£605,000	£447,652	35% above HPI
2012 6 JUL	£435,000	£256,990	69% above HPI
2004 9 AUG	£310,000	£248,702	25% above HPI

23 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 three 23 SPRINGVALE sales between August 2004 and February 2021 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 July 2012 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the February 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 23 SPRINGVALE?

23 SPRINGVALE is 106m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 40% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 23 SPRINGVALE lies on this distribution: 39% of detached houses are smaller than 23 SPRINGVALE, and 61% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

23 SPRINGVALE: Plot and Title Map

23 SPRINGVALE sits on a plot of roughly 0.150 of an acre, or 608m². The below map shows the location of 23 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 23 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 23 SPRINGVALE?

23 SPRINGVALE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 23 on SPRINGVALE.