6, THE RISE, HEMPSTEAD, GILLINGHAM, ME7 3SF - £735,000

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 THE RISE is a very large extended detached house of 202m², built sometime between 1976 and 1982. It was last sold for £735,000 in May 2024, which was around 48% above the average May 2024 detached price in the Medway local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

6 THE RISE Sold Prices

Land registry data shows four sales for 6 THE RISE 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. All of the four 6 THE RISE 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
2024 31 MAY	£735,000	£496,079	48% above HPI
2018 4 JAN	£560,000	£423,389	32% above HPI
2015 1 MAY	£485,000	£319,737	52% above HPI
2006 22 JUN	£375,000	£250,960	49% above HPI

6 THE RISE 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 THE RISE sales between June 2006 and May 2024 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 January 2018 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2024 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 6 THE RISE?

6 THE RISE is 202m², which includes four extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 10% 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 THE RISE lies on this distribution: 93% of detached houses are smaller than 6 THE RISE, and 7% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

6 THE RISE: Plot and Title Map

6 THE RISE sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of 6 THE RISE, 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 THE RISE). 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 THE RISE?

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