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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 LOVELACE CLOSE is a midsized extended detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £433,652. It was last sold for £212,000 in July 2011, which was around 19% 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	£263,341	19% below HPI
2001 22 JAN	£143,000	£150,180	5% 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2011 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 4 LOVELACE CLOSE be worth now?

4 LOVELACE CLOSE might now be worth an estimated £433,652.

This is based on house price inflation of 104.6%, between July 2011 and February 2025, for detached houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 104.6% inflationary increase is applied to the most recent sale price for 4 LOVELACE CLOSE of £212,000 on 7th July 2011. For the value to have increased from £212,000 to £433,652 over the fourteen years and five months to February 2025, the following assumptions must hold true:

• The value of 4 LOVELACE CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The July 2011 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LOVELACE CLOSE has not materially changed since July 2011.

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 houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 4 LOVELACE CLOSE lies on this distribution: 57% of detached houses 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.