7, CAPEL CLOSE, GILLINGHAM, ME8 9TF - £340,000

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

7 CAPEL CLOSE is a very small extended detached house of 61m², built sometime between 1976 and 1982. It was last sold for £340,000 in December 2023, which was around 34% below the average December 2023 detached price in the Medway local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

7 CAPEL CLOSE Sold Prices

Land registry data shows two sales for 7 CAPEL 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 7 CAPEL CLOSE 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
2023 15 DEC	£340,000	£516,138	34% below HPI
2012 17 DEC	£145,000	£257,453	44% below HPI

7 CAPEL 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 7 CAPEL CLOSE sales from December 2012 and December 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 December 2012 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2023 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 7 CAPEL CLOSE?

7 CAPEL CLOSE is 61m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 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 7 CAPEL CLOSE lies on this distribution: 4% of detached houses are smaller than 7 CAPEL CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 CAPEL CLOSE: Plot and Title Map

7 CAPEL CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 7 CAPEL 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 CAPEL 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 CAPEL CLOSE?

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