34, PUMP LANE, RAINHAM, GILLINGHAM, ME8 7AB - £425,000

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

34 PUMP LANE is a large extended detached house of 157m², built sometime between 1930 and 1949. It was last sold for £425,000 in February 2016, which was around 18% above the average February 2016 detached price in the Medway local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

34 PUMP LANE Sold Prices

Land registry data shows two sales for 34 PUMP LANE 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 34 PUMP LANE 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
2016 18 FEB	£425,000	£359,607	18% above HPI
1995 15 SEP	£121,000	£83,829	44% above HPI

34 PUMP 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 two 34 PUMP LANE sales from September 1995 and February 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 September 1995 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2016 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 34 PUMP LANE?

34 PUMP LANE is 157m², which includes three extensions, according to the EPC inspection conducted in March 2014. This puts it in the largest 30% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 34 PUMP LANE lies on this distribution: 79% of detached houses are smaller than 34 PUMP LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

34 PUMP LANE: Plot and Title Map

34 PUMP LANE sits on a plot of roughly 0.218 of an acre, or 882m². The below map shows the location of 34 PUMP 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 34 PUMP 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 34 PUMP LANE?

34 PUMP LANE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 34 on PUMP LANE.