4, GRESHAM CLOSE, RAINHAM, GILLINGHAM, ME8 7RR - £430,000

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

4 GRESHAM CLOSE is a small detached house of 105m², built sometime between 1996 and 2002. It was last sold for £430,000 in August 2018, which was around 1% below the average August 2018 detached price in the Medway local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

4 GRESHAM CLOSE Sold Prices

Land registry data shows three sales for 4 GRESHAM CLOSE 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. Two of the three 4 GRESHAM CLOSE sales were for below the average price, whilst one 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
2018 3 AUG	£430,000	£436,176	1% below HPI
2011 12 DEC	£245,000	£254,366	4% below HPI
1997 21 APR	£112,500	£90,525	24% above HPI

4 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 three 4 GRESHAM CLOSE sales between April 1997 and August 2018 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 2011 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 4 GRESHAM CLOSE?

4 GRESHAM CLOSE is 105m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 4 GRESHAM CLOSE lies on this distribution: 37% of detached houses are smaller than 4 GRESHAM CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 GRESHAM CLOSE: Plot and Title Map

4 GRESHAM CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 4 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 4 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 4 GRESHAM CLOSE?

4 GRESHAM CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 4 on GRESHAM CLOSE.