70, PUMP LANE, RAINHAM, GILLINGHAM, ME8 7AH - £580,000

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

70 PUMP LANE is a midsized extended detached house of 115m², built sometime between 1930 and 1949. It was last sold for £580,000 in January 2023, which was around 10% above the average January 2023 detached price in the Medway local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was D.

70 PUMP LANE Sold Prices

Land registry data shows three sales for 70 PUMP LANE 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 70 PUMP LANE 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
2023 16 JAN	£580,000	£527,940	10% above HPI
2019 24 MAY	£445,000	£424,709	5% above HPI
1995 6 OCT	£104,000	£82,195	27% above HPI

70 PUMP LANE 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 70 PUMP LANE sales between October 1995 and January 2023 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 May 2019 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the January 2023 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 70 PUMP LANE?

70 PUMP LANE is 115m², which includes one extension, according to the EPC inspection conducted in October 2018. 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 70 PUMP LANE lies on this distribution: 48% of detached houses are smaller than 70 PUMP LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

70 PUMP LANE: Plot and Title Map

70 PUMP LANE sits on a plot of roughly 0.165 of an acre, or 666m². The below map shows the location of 70 PUMP LANE, 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 70 PUMP LANE). 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 70 PUMP LANE?

70 PUMP LANE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 70 on PUMP LANE.