4, STANDEN CLOSE, RAINHAM, GILLINGHAM, ME8 8RN - £188,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 STANDEN CLOSE is a small detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £503,887. It was last sold for £188,000 in August 2002, which was around 5% below the average August 2002 detached price in the Medway local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

4 STANDEN CLOSE Sold Prices

Land registry data shows two sales for 4 STANDEN 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 STANDEN 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
2002 7 AUG	£188,000	£198,713	5% below HPI
1996 7 OCT	£87,000	£89,970	3% below HPI

4 STANDEN 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 STANDEN CLOSE sales from October 1996 and August 2002 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 1996 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2002 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 4 STANDEN CLOSE be worth now?

4 STANDEN CLOSE might now be worth an estimated £503,887.

This is based on house price inflation of 168%, between August 2002 and December 2024, 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 168% inflationary increase is applied to the most recent sale price for 4 STANDEN CLOSE of £188,000 on 7th August 2002. For the value to have increased from £188,000 to £503,887 over the 21 years and eight months to December 2024, the following assumptions must hold true:

• The value of 4 STANDEN CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2002 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 4 STANDEN CLOSE has not materially changed since August 2002.

How Large is 4 STANDEN CLOSE?

4 STANDEN CLOSE is 102m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 40% 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 STANDEN CLOSE lies on this distribution: 34% of detached houses houses are smaller than 4 STANDEN CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 STANDEN CLOSE: Plot and Title Map

4 STANDEN CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 4 STANDEN 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 STANDEN 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 STANDEN CLOSE?

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