9, GREENBANK CLOSE, HEMPSTEAD, GILLINGHAM, ME7 3SG - £505,000

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

9 GREENBANK CLOSE is a large extended detached house of 149m², built sometime between 1976 and 1982. It was last sold for £505,000 in July 2017, which was around 21% above the average July 2017 detached price in the Medway local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

9 GREENBANK CLOSE Sold Prices

Land registry data shows two sales for 9 GREENBANK CLOSE 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 9 GREENBANK 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
2017 14 JUL	£505,000	£415,813	21% above HPI
2000 7 JUL	£154,995	£138,869	12% above HPI

9 GREENBANK 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 two 9 GREENBANK CLOSE sales from July 2000 and July 2017 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 2000 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2017 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 9 GREENBANK CLOSE?

9 GREENBANK CLOSE is 149m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the largest 30% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 9 GREENBANK CLOSE lies on this distribution: 76% of detached houses are smaller than 9 GREENBANK CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

9 GREENBANK CLOSE: Plot and Title Map

9 GREENBANK CLOSE sits on a plot of roughly 0.169 of an acre, or 684m². The below map shows the location of 9 GREENBANK 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 9 GREENBANK 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 9 GREENBANK CLOSE?

9 GREENBANK CLOSE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 9 on GREENBANK CLOSE.