7, CLOVER LAY, RAINHAM, GILLINGHAM, ME8 8LY - £235,000

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 CLOVER LAY is a very small detached house of 68m², built sometime between 1996 and 2002. It was last sold for £235,000 in July 2004, which was around 3% below the average July 2004 detached price in the Medway local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

7 CLOVER LAY Sold Prices

Land registry data shows three sales for 7 CLOVER LAY 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 7 CLOVER LAY 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
2004 12 JUL	£235,000	£242,047	3% below HPI
2004 30 JUN	£235,000	£238,434	1% below HPI
1997 23 DEC	£83,500	£98,207	15% below HPI

7 CLOVER LAY 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 CLOVER LAY sales between December 1997 and July 2004 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 June 2004 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2004 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 7 CLOVER LAY?

7 CLOVER LAY is 68m² according to the EPC inspection conducted in June 2017. 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 CLOVER LAY lies on this distribution: 7% of detached houses are smaller than 7 CLOVER LAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 CLOVER LAY: Plot and Title Map

7 CLOVER LAY sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 7 CLOVER LAY, 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 CLOVER LAY). 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 CLOVER LAY?

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