6, MAGDALEN CLOSE, HEMPSTEAD, GILLINGHAM, ME7 3TA - £527,500

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

6 MAGDALEN CLOSE is a large extended detached house of 143m², built sometime between 1967 and 1975. It was last sold for £527,500 in August 2017, which was around 25% above the average August 2017 detached price in the Medway local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

6 MAGDALEN CLOSE Sold Prices

Land registry data shows two sales for 6 MAGDALEN 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 6 MAGDALEN 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
2017 25 AUG	£527,500	£421,464	25% above HPI
2000 8 NOV	£235,000	£145,186	62% above HPI

6 MAGDALEN 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 6 MAGDALEN CLOSE sales from November 2000 and August 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 November 2000 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the August 2017 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 6 MAGDALEN CLOSE?

6 MAGDALEN CLOSE is 143m², which includes two extensions, according to the EPC inspection conducted in June 2016. 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 6 MAGDALEN CLOSE lies on this distribution: 72% of detached houses are smaller than 6 MAGDALEN CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

6 MAGDALEN CLOSE: Plot and Title Map

6 MAGDALEN CLOSE sits on a plot of roughly 0.196 of an acre, or 794m². The below map shows the location of 6 MAGDALEN 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 MAGDALEN 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 MAGDALEN CLOSE?

6 MAGDALEN CLOSE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 6 on MAGDALEN CLOSE.