4, MELODY CLOSE, GILLINGHAM, ME8 0NH - £345,000

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 MELODY CLOSE is a small detached house of 94m², built sometime between 1976 and 1982. It was last sold for £345,000 in June 2016, which was around 10% below the average June 2016 detached price in the Medway local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

4 MELODY CLOSE Sold Prices

Land registry data shows two sales for 4 MELODY 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 MELODY 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
2016 30 JUN	£345,000	£384,413	10% below HPI
2003 23 OCT	£219,995	£232,112	5% below HPI

4 MELODY 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 MELODY CLOSE sales from October 2003 and June 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 October 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2016 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 4 MELODY CLOSE?

4 MELODY CLOSE is 94m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 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 4 MELODY CLOSE lies on this distribution: 24% of detached houses are smaller than 4 MELODY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 MELODY CLOSE: Plot and Title Map

4 MELODY CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 4 MELODY 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 MELODY 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 MELODY CLOSE?

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