3, GRESHAM CLOSE, RAINHAM, GILLINGHAM, ME8 7RR - £300,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

3 GRESHAM CLOSE is a very small extended detached house of 88m², built sometime between 1996 and 2002. It was last sold for £300,000 in October 2016, which was around 24% below the average October 2016 detached price in the Medway local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

3 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 3 GRESHAM CLOSE 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. One of the two 3 GRESHAM CLOSE sales was for below the average price, whilst the other was 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 31 OCT	£300,000	£395,986	24% below HPI
1997 23 MAY	£91,000	£90,080	1% above HPI

3 GRESHAM CLOSE 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 3 GRESHAM CLOSE sales from May 1997 and October 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 May 1997 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2016 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 GRESHAM CLOSE?

3 GRESHAM CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 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 3 GRESHAM CLOSE lies on this distribution: 19% of detached houses are smaller than 3 GRESHAM CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

3 GRESHAM CLOSE: Plot and Title Map

3 GRESHAM CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 3 GRESHAM 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 GRESHAM 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 GRESHAM CLOSE?

3 GRESHAM CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 3 on GRESHAM CLOSE.