297, HEMPSTEAD ROAD, HEMPSTEAD, GILLINGHAM, ME7 3QJ - £700,000

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

297 HEMPSTEAD ROAD is a very large extended detached house of 194m², built sometime between 1991 and 1995. It was last sold for £700,000 in October 2022, which was around 33% above the average October 2022 detached price in the Medway local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

297 HEMPSTEAD ROAD Sold Prices

Land registry data shows two sales for 297 HEMPSTEAD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 297 HEMPSTEAD 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
2022 11 OCT	£700,000	£527,402	33% above HPI
2018 1 FEB	£545,000	£423,322	29% above HPI

297 HEMPSTEAD ROAD 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 two 297 HEMPSTEAD ROAD sales from February 2018 and October 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 February 2018 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the October 2022 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 297 HEMPSTEAD ROAD?

297 HEMPSTEAD ROAD is 194m², which includes two extensions, according to the EPC inspection conducted in May 2022. 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 297 HEMPSTEAD ROAD lies on this distribution: 92% of detached houses are smaller than 297 HEMPSTEAD ROAD, and 8% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

297 HEMPSTEAD ROAD: Plot and Title Map

297 HEMPSTEAD ROAD sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 297 HEMPSTEAD 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 297 HEMPSTEAD 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 297 HEMPSTEAD ROAD?

297 HEMPSTEAD ROAD is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 297 on HEMPSTEAD ROAD.