7, CALDECOTE CLOSE, RAINHAM, GILLINGHAM, ME8 8TP - £450,000

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

7 CALDECOTE CLOSE is a midsized extended detached house of 116m², built sometime between 1996 and 2002. It was last sold for £450,000 in October 2023, which was around 13% below the average October 2023 detached price in the Medway local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 CALDECOTE CLOSE Sold Prices

Land registry data shows three sales for 7 CALDECOTE 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. One of the three 7 CALDECOTE CLOSE sales was for below the average price, whilst two 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
2023 2 OCT	£450,000	£516,325	13% below HPI
2009 16 FEB	£248,000	£234,970	6% above HPI
1996 24 MAY	£100,000	£82,393	21% above HPI

7 CALDECOTE 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 7 CALDECOTE CLOSE sales between May 1996 and October 2023 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 2009 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 CALDECOTE CLOSE?

7 CALDECOTE CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 7 CALDECOTE CLOSE lies on this distribution: 49% of detached houses are smaller than 7 CALDECOTE CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 CALDECOTE CLOSE: Plot and Title Map

7 CALDECOTE CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 7 CALDECOTE 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 7 CALDECOTE 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 7 CALDECOTE CLOSE?

7 CALDECOTE CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 7 on CALDECOTE CLOSE.