5, CHAPEL LANE, HEMPSTEAD, GILLINGHAM, ME7 3TD - £590,000

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

5 CHAPEL LANE is a very large extended detached house of 196m², built sometime between 1967 and 1975. It was last sold for £590,000 in April 2021, which was around 33% above the average April 2021 detached price in the Medway local authority area. The most recent EPC inspection was April 2018, where the current energy rating was E, and the potential energy rating was C.

5 CHAPEL LANE Sold Prices

Land registry data shows two sales for 5 CHAPEL LANE 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 5 CHAPEL LANE 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
2021 9 APR	£590,000	£443,000	33% above HPI
2018 12 JUL	£565,000	£430,165	31% above HPI

5 CHAPEL LANE 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 5 CHAPEL LANE sales from July 2018 and April 2021 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 July 2018 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the April 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 5 CHAPEL LANE?

5 CHAPEL LANE is 196m², which includes one extension, according to the EPC inspection conducted in April 2018. 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 5 CHAPEL LANE lies on this distribution: 93% of detached houses are smaller than 5 CHAPEL LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 CHAPEL LANE: Plot and Title Map

5 CHAPEL LANE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 5 CHAPEL LANE, 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 5 CHAPEL LANE). 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 5 CHAPEL LANE?

5 CHAPEL LANE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 5 on CHAPEL LANE.