7, THE WHEELERS, GILLINGHAM, ME8 0SD - £535,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 THE WHEELERS is a large extended detached house of 139m², built sometime between 1983 and 1990, which could now be worth an estimated £650,532. It was last sold for £535,000 in December 2018, which was around 21% above the average December 2018 detached price in the Medway local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

7 THE WHEELERS Sold Prices

Land registry data shows two sales for 7 THE WHEELERS 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 WHEELERS 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
2018 14 DEC	£535,000	£443,005	21% above HPI
1998 10 JUL	£159,800	£105,904	51% above HPI

7 THE WHEELERS 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 WHEELERS sales from July 1998 and December 2018 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 July 1998 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the December 2018 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 7 THE WHEELERS be worth now?

7 THE WHEELERS might now be worth an estimated £650,532.

This is based on house price inflation of 21.6%, between December 2018 and February 2025, 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 21.6% inflationary increase is applied to the most recent sale price for 7 THE WHEELERS of £535,000 on 14th December 2018. For the value to have increased from £535,000 to £650,532 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 THE WHEELERS has moved in line with the HPI for detached houses in the Medway local authority area.
• The December 2018 sale price of £535,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE WHEELERS has not materially changed since December 2018.

How Large is 7 THE WHEELERS?

7 THE WHEELERS is 139m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 30% 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 THE WHEELERS lies on this distribution: 70% of detached houses houses are smaller than 7 THE WHEELERS, and 30% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 THE WHEELERS: Plot and Title Map

7 THE WHEELERS sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 7 THE WHEELERS, 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 WHEELERS). 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 WHEELERS?

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