6, LYRA CLOSE, GILLINGHAM, ME8 0EJ - £313,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

6 LYRA CLOSE is a large detached house of 143m², built sometime from 2007 onwards, which could now be worth an estimated £640,941. It was last sold for £313,000 in March 2011, which was around 19% above the average March 2011 detached price in the Medway local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

6 LYRA CLOSE Sold Prices

Land registry data shows three sales for 6 LYRA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 6 LYRA 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
2011 10 MAR	£313,000	£263,057	19% above HPI
2008 8 DEC	£280,000	£245,555	14% above HPI
1996 28 NOV	£157,500	£89,558	76% above HPI

6 LYRA 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 three 6 LYRA CLOSE sales between November 1996 and March 2011 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 December 2008 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2011 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 6 LYRA CLOSE be worth now?

6 LYRA CLOSE might now be worth an estimated £640,941.

This is based on house price inflation of 104.8%, between March 2011 and February 2025, 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 104.8% inflationary increase is applied to the most recent sale price for 6 LYRA CLOSE of £313,000 on 10th March 2011. For the value to have increased from £313,000 to £640,941 over the fourteen years and one month to February 2025, the following assumptions must hold true:

• The value of 6 LYRA CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2011 sale price of £313,000 represented a fair market value for the property.
• The size, condition, and specification of 6 LYRA CLOSE has not materially changed since March 2011.

How Large is 6 LYRA CLOSE?

6 LYRA CLOSE is 143m² according to the EPC inspection conducted in June 2010. This puts it in the largest 30% 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 6 LYRA CLOSE lies on this distribution: 73% of detached houses houses are smaller than 6 LYRA CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

6 LYRA CLOSE: Plot and Title Map

6 LYRA CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 6 LYRA 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 6 LYRA 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 6 LYRA CLOSE?

6 LYRA CLOSE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 6 on LYRA CLOSE.