5, CLOVER LAY, RAINHAM, GILLINGHAM, ME8 8LY - £292,000

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

5 CLOVER LAY is a small extended detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £468,696. It was last sold for £292,000 in June 2015, which was around 12% below the average June 2015 detached price in the Medway local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

5 CLOVER LAY Sold Prices

Land registry data shows two sales for 5 CLOVER LAY 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 CLOVER LAY 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
2015 5 JUN	£292,000	£331,813	12% below HPI
1998 20 FEB	£85,452	£101,097	15% below HPI

5 CLOVER LAY 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 CLOVER LAY sales from February 1998 and June 2015 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 February 1998 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2015 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 CLOVER LAY be worth now?

5 CLOVER LAY might now be worth an estimated £468,696.

This is based on house price inflation of 60.5%, between June 2015 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 60.5% inflationary increase is applied to the most recent sale price for 5 CLOVER LAY of £292,000 on 5th June 2015. For the value to have increased from £292,000 to £468,696 over the eight years and six months to December 2024, the following assumptions must hold true:

• The value of 5 CLOVER LAY has moved in line with the HPI for detached houses in the Medway local authority area.
• The June 2015 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CLOVER LAY has not materially changed since June 2015.

How Large is 5 CLOVER LAY?

5 CLOVER LAY is 102m², which includes one extension, according to the EPC inspection conducted in November 2023. 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 5 CLOVER LAY lies on this distribution: 33% of detached houses houses are smaller than 5 CLOVER LAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 CLOVER LAY: Plot and Title Map

5 CLOVER LAY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 5 CLOVER LAY, 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 CLOVER LAY). 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 CLOVER LAY?

5 CLOVER LAY is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 5 on CLOVER LAY.