41, SPRINGVALE, GILLINGHAM, ME8 0JG - £765,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

41 SPRINGVALE is a very large extended detached house of 186m², built sometime between 1930 and 1949. It was last sold for £765,000 in September 2023, which was around 48% above the average September 2023 detached price in the Medway local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

41 SPRINGVALE Sold Prices

Land registry data shows two sales for 41 SPRINGVALE 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 41 SPRINGVALE sales were 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
2023 6 SEP	£765,000	£516,039	48% above HPI
1996 4 OCT	£143,000	£87,604	63% above HPI

41 SPRINGVALE 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 41 SPRINGVALE sales from October 1996 and September 2023 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 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the September 2023 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 41 SPRINGVALE?

41 SPRINGVALE is 186m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 41 SPRINGVALE lies on this distribution: 90% of detached houses are smaller than 41 SPRINGVALE, and 10% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

41 SPRINGVALE: Plot and Title Map

41 SPRINGVALE sits on a plot of roughly 0.211 of an acre, or 852m². The below map shows the location of 41 SPRINGVALE, 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 41 SPRINGVALE). 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 41 SPRINGVALE?

41 SPRINGVALE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 41 on SPRINGVALE.