6, CLOVER LAY, RAINHAM, GILLINGHAM, ME8 8LY - £385,500

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

6 CLOVER LAY is a very small detached house of 83m², built sometime between 1996 and 2002. It was last sold for £385,500 in May 2017, which was around 6% below the average May 2017 detached price in the Medway local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

6 CLOVER LAY Sold Prices

Land registry data shows four sales for 6 CLOVER LAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Most of the four 6 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
2017 12 MAY	£385,500	£411,103	6% below HPI
2007 28 SEP	£250,000	£277,365	10% below HPI
2005 1 MAR	£232,500	£249,009	7% below HPI
1998 30 JAN	£105,950	£97,874	8% above HPI

6 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 four 6 CLOVER LAY sales between January 1998 and May 2017 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 September 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 6 CLOVER LAY?

6 CLOVER LAY is 83m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 6 CLOVER LAY lies on this distribution: 15% of detached houses are smaller than 6 CLOVER LAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

6 CLOVER LAY: Plot and Title Map

6 CLOVER LAY sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 6 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 6 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 6 CLOVER LAY?

6 CLOVER LAY is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 6 on CLOVER LAY.