4, LOVELACE CLOSE, GILLINGHAM, ME8 9QP - £212,000

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

4 LOVELACE CLOSE is a midsized extended detached house of 123m², built sometime between 1967 and 1975. It was last sold for £212,000 in July 2011, which was around 17% below the average July 2011 detached price in the Medway local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

4 LOVELACE CLOSE Sold Prices

Land registry data shows two sales for 4 LOVELACE 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. Both of the two 4 LOVELACE CLOSE 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
2011 7 JUL	£212,000	£256,416	17% below HPI
2001 22 JAN	£143,000	£146,231	2% below HPI

4 LOVELACE 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 4 LOVELACE CLOSE sales from January 2001 and July 2011 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 January 2001 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the July 2011 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 4 LOVELACE CLOSE?

4 LOVELACE CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the largest 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 4 LOVELACE CLOSE lies on this distribution: 57% of detached houses are smaller than 4 LOVELACE CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 LOVELACE CLOSE: Plot and Title Map

4 LOVELACE CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 4 LOVELACE 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 LOVELACE 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 LOVELACE CLOSE?

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