5, CRANFORD CLOSE, RAINHAM, GILLINGHAM, ME8 7HD - £505,000

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

5 CRANFORD CLOSE is a large detached house of 145m². It was last sold for £505,000 in July 2020, which was around 18% above the average July 2020 detached price in the Medway local authority area. The most recent EPC inspection was February 2013, where the current energy rating was B, and the potential energy rating was B.

5 CRANFORD CLOSE Sold Prices

Land registry data shows two sales for 5 CRANFORD 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 5 CRANFORD CLOSE 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
2020 3 JUL	£505,000	£426,239	18% above HPI
2013 13 FEB	£365,000	£261,360	40% above HPI

5 CRANFORD 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 5 CRANFORD CLOSE sales from February 2013 and July 2020 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 2013 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the July 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 5 CRANFORD CLOSE?

5 CRANFORD CLOSE is 145m² according to the EPC inspection conducted in February 2013. This puts it in the largest 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 5 CRANFORD CLOSE lies on this distribution: 73% of detached houses are smaller than 5 CRANFORD CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 CRANFORD CLOSE: Plot and Title Map

5 CRANFORD CLOSE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 5 CRANFORD 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 5 CRANFORD 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 5 CRANFORD CLOSE?

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