7, DEVON CLOSE, RAINHAM, GILLINGHAM, ME8 7LG - £370,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 DEVON CLOSE is a small extended detached house of 97m², built sometime between 1950 and 1966. It was last sold for £370,000 in July 2020, which was around 13% below the average July 2020 detached price in the Medway local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

7 DEVON CLOSE Sold Prices

Land registry data shows two sales for 7 DEVON 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 DEVON 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
2020 17 JUL	£370,000	£426,239	13% below HPI
2005 14 OCT	£200,000	£247,158	19% below HPI

7 DEVON 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 DEVON CLOSE sales from October 2005 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 October 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 DEVON CLOSE?

7 DEVON CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% 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 DEVON CLOSE lies on this distribution: 28% of detached houses are smaller than 7 DEVON CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 DEVON CLOSE: Plot and Title Map

7 DEVON CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 7 DEVON 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 DEVON 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 DEVON CLOSE?

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