3, BUTTERMERE CLOSE, GILLINGHAM, ME7 2TS - £43,000

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.

3 BUTTERMERE CLOSE is a very small terraced house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £237,563. It was last sold for £43,000 in July 1998, which was around 13% below the average July 1998 terraced price in the Medway local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

3 BUTTERMERE CLOSE Sold Prices

Land registry data shows two sales for 3 BUTTERMERE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Both of the two 3 BUTTERMERE CLOSE sales were for below 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
1998 8 JUL	£43,000	£49,662	13% below HPI
1995 26 JUL	£35,725	£41,086	13% below HPI

3 BUTTERMERE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The two 3 BUTTERMERE CLOSE sales from July 1995 and July 1998 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 1995 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 1998 sale, which was also at 13% below the HPI.

What might 3 BUTTERMERE CLOSE be worth now?

3 BUTTERMERE CLOSE might now be worth an estimated £237,563.

This is based on house price inflation of 452.5%, between July 1998 and July 2025, for terraced 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 452.5% inflationary increase is applied to the most recent sale price for 3 BUTTERMERE CLOSE of £43,000 on 8th July 1998. For the value to have increased from £43,000 to £237,563 over the 27 years to July 2025, the following assumptions must hold true:

• The value of 3 BUTTERMERE CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The July 1998 sale price of £43,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BUTTERMERE CLOSE has not materially changed since July 1998.

How Large is 3 BUTTERMERE CLOSE?

3 BUTTERMERE CLOSE is 79m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 20% of terraced houses houses in Gillingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gillingham, and where 3 BUTTERMERE CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 3 BUTTERMERE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

3 BUTTERMERE CLOSE: Plot and Title Map

3 BUTTERMERE CLOSE sits on a plot of roughly 0.024 of an acre, or 96m². The below map shows the location of 3 BUTTERMERE 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 3 BUTTERMERE 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 3 BUTTERMERE CLOSE?

3 BUTTERMERE CLOSE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 3 on BUTTERMERE CLOSE.