7, THE RISE, HEMPSTEAD, GILLINGHAM, ME7 3SS - £205,000

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 THE RISE is a very large detached house of 164m², built sometime between 1983 and 1990. It was last sold for £205,000 in November 2000, which was around 41% above the average November 2000 detached price in the Medway local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

7 THE RISE Sold Prices

Land registry data shows two sales for 7 THE RISE 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 THE RISE 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
2000 8 NOV	£205,000	£145,186	41% above HPI
1999 10 SEP	£165,000	£116,106	42% above HPI

7 THE RISE 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 THE RISE sales from September 1999 and November 2000 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 September 1999 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the November 2000 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 7 THE RISE?

7 THE RISE is 164m² according to the EPC inspection conducted in July 2023. 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 THE RISE lies on this distribution: 82% of detached houses are smaller than 7 THE RISE, and 18% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 THE RISE: Plot and Title Map

7 THE RISE sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of 7 THE RISE, 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 THE RISE). 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 THE RISE?

7 THE RISE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 7 on THE RISE.