3, SMARDEN WALK, RAINHAM, GILLINGHAM, ME8 8NU - £191,000

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

3 SMARDEN WALK is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £191,000 in September 2014, which was around 39% below the average September 2014 detached price in the Medway local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

3 SMARDEN WALK Sold Prices

Land registry data shows two sales for 3 SMARDEN WALK 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 3 SMARDEN WALK 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
2014 26 SEP	£191,000	£312,003	39% below HPI
2008 11 DEC	£135,000	£239,098	44% below HPI

3 SMARDEN WALK 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 SMARDEN WALK sales from December 2008 and September 2014 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 December 2008 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2014 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 SMARDEN WALK?

3 SMARDEN WALK is 82m² according to the EPC inspection conducted in October 2008. 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 SMARDEN WALK lies on this distribution: 14% of detached houses are smaller than 3 SMARDEN WALK, and 86% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

3 SMARDEN WALK: Plot and Title Map

3 SMARDEN WALK sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 3 SMARDEN WALK, 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 SMARDEN WALK). 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 SMARDEN WALK?

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