7, COODEN CLOSE, RAINHAM, GILLINGHAM, ME8 7QD - £450,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 COODEN CLOSE is a small extended detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £547,505. It was last sold for £450,000 in July 2020, which was around 3% above the average July 2020 detached price in the Medway local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

7 COODEN CLOSE Sold Prices

Land registry data shows two sales for 7 COODEN 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 COODEN 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
2020 1 JUL	£450,000	£437,750	3% above HPI
1996 22 NOV	£95,000	£89,558	6% above HPI

7 COODEN 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 COODEN CLOSE sales from November 1996 and July 2020 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 1996 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2020 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 7 COODEN CLOSE be worth now?

7 COODEN CLOSE might now be worth an estimated £547,505.

This is based on house price inflation of 21.7%, between July 2020 and December 2024, for detached houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.7% inflationary increase is applied to the most recent sale price for 7 COODEN CLOSE of £450,000 on 1st July 2020. For the value to have increased from £450,000 to £547,505 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 7 COODEN CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The July 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 7 COODEN CLOSE has not materially changed since July 2020.

How Large is 7 COODEN CLOSE?

7 COODEN CLOSE is 103m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 7 COODEN CLOSE lies on this distribution: 34% of detached houses houses are smaller than 7 COODEN CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 COODEN CLOSE: Plot and Title Map

7 COODEN CLOSE sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of 7 COODEN 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 COODEN 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 COODEN CLOSE?

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