32, PEAR TREE LANE, HEMPSTEAD, GILLINGHAM, ME7 3PT - £265,000

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

32 PEAR TREE LANE is a midsized extended detached house of 112m², built sometime between 1967 and 1975. It was last sold for £265,000 in September 2013, which was around 2% below the average September 2013 detached price in the Medway local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

32 PEAR TREE LANE Sold Prices

Land registry data shows three sales for 32 PEAR TREE LANE 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 32 PEAR TREE LANE 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
2013 20 SEP	£265,000	£271,487	2% below HPI
2005 25 NOV	£245,000	£247,220	1% below HPI
1998 2 MAR	£98,000	£99,173	1% below HPI

32 PEAR TREE LANE 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 32 PEAR TREE LANE sales between March 1998 and September 2013 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 November 2005 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2013 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 32 PEAR TREE LANE?

32 PEAR TREE LANE is 112m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 32 PEAR TREE LANE lies on this distribution: 44% of detached houses are smaller than 32 PEAR TREE LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

32 PEAR TREE LANE: Plot and Title Map

32 PEAR TREE LANE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 32 PEAR TREE LANE, 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 32 PEAR TREE LANE). 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 32 PEAR TREE LANE?

32 PEAR TREE LANE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 32 on PEAR TREE LANE.