7, WILKS CLOSE, RAINHAM, GILLINGHAM, ME8 8EY - £395,000

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 WILKS CLOSE is a midsized extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £395,000 in March 2020, which was around 2% above the average March 2020 detached price in the Swale local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 WILKS CLOSE Sold Prices

Land registry data shows four sales for 7 WILKS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. two of the four 7 WILKS CLOSE sales were for above the average price, and four 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 6 MAR	£395,000	£388,658	2% above HPI
2010 8 DEC	£275,000	£253,163	9% above HPI
1999 26 FEB	£100,000	£103,882	4% below HPI
1998 19 MAY	£95,000	£100,175	5% below HPI

7 WILKS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The four 7 WILKS CLOSE sales between May 1998 and March 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 December 2010 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2020 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 7 WILKS CLOSE?

7 WILKS CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 50% 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 WILKS CLOSE lies on this distribution: 47% of detached houses are smaller than 7 WILKS CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 WILKS CLOSE: Plot and Title Map

7 WILKS CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 7 WILKS 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 WILKS 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 WILKS CLOSE?

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