7, LYRA CLOSE, GILLINGHAM, ME8 0EJ - £516,000

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 LYRA CLOSE is a very large detached house of 171m², built sometime from 2007 onwards. It was last sold for £516,000 in April 2019, which was around 20% above the average April 2019 detached price in the Medway local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

7 LYRA CLOSE Sold Prices

Land registry data shows three sales for 7 LYRA 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. All of the three 7 LYRA 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
2019 5 APR	£516,000	£429,064	20% above HPI
2012 20 NOV	£410,000	£256,926	60% above HPI
2008 14 AUG	£395,000	£260,602	52% above HPI

7 LYRA 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 LYRA CLOSE sales between August 2008 and April 2019 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 2012 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the April 2019 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 7 LYRA CLOSE?

7 LYRA CLOSE is 171m² according to the EPC inspection conducted in July 2012. This puts it in the largest 20% 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 LYRA CLOSE lies on this distribution: 85% of detached houses are smaller than 7 LYRA CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 LYRA CLOSE: Plot and Title Map

7 LYRA CLOSE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 7 LYRA 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 LYRA 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 LYRA CLOSE?

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