8, FERNDOWN CLOSE, HEMPSTEAD, GILLINGHAM, ME7 3SN - £370,000

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

8 FERNDOWN CLOSE is a very large extended detached house of 163m², built sometime between 1976 and 1982. It was last sold for £370,000 in June 2015, which was around 15% above the average June 2015 detached price in the Medway local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was B.

8 FERNDOWN CLOSE Sold Prices

Land registry data shows three sales for 8 FERNDOWN 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 8 FERNDOWN 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
2015 26 JUN	£370,000	£323,087	15% above HPI
2004 5 APR	£342,500	£235,966	45% above HPI
2001 24 SEP	£220,000	£162,843	35% above HPI

8 FERNDOWN 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 8 FERNDOWN CLOSE sales between September 2001 and June 2015 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 April 2004 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the June 2015 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 8 FERNDOWN CLOSE?

8 FERNDOWN CLOSE is 163m², which includes one extension, according to the EPC inspection conducted in November 2014. 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 8 FERNDOWN CLOSE lies on this distribution: 82% of detached houses are smaller than 8 FERNDOWN CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

8 FERNDOWN CLOSE: Plot and Title Map

8 FERNDOWN CLOSE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of 8 FERNDOWN 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 8 FERNDOWN 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 8 FERNDOWN CLOSE?

8 FERNDOWN CLOSE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 8 on FERNDOWN CLOSE.