8, HOATH LANE, GILLINGHAM, ME8 0SL - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 HOATH LANE is a very small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £325,000 in September 2018, which was around 25% below the average September 2018 detached price in the Medway local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

8 HOATH LANE Sold Prices

Land registry data shows three sales for 8 HOATH 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 8 HOATH LANE sales 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
2018 14 SEP	£325,000	£435,518	25% below HPI
2008 7 MAR	£240,000	£277,423	13% below HPI
2007 26 JAN	£195,000	£263,491	26% below HPI

8 HOATH 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 8 HOATH LANE sales between January 2007 and September 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 March 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 8 HOATH LANE?

8 HOATH LANE is 84m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the smallest 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 HOATH LANE lies on this distribution: 16% of detached houses are smaller than 8 HOATH LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

8 HOATH LANE: Plot and Title Map

8 HOATH LANE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 8 HOATH 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 8 HOATH 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 8 HOATH LANE?

8 HOATH LANE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 8 on HOATH LANE.