95, SILVERSPOT CLOSE, RAINHAM, GILLINGHAM, ME8 8JT - £248,600

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

95 SILVERSPOT CLOSE is a very small detached house of 87m², built sometime between 2003 and 2006, which could now be worth an estimated £403,215. It was last sold for £248,600 in May 2015, which was around 24% below the average May 2015 detached price in the Medway local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

95 SILVERSPOT CLOSE Sold Prices

Land registry data shows three sales for 95 SILVERSPOT 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 95 SILVERSPOT CLOSE 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
2015 19 MAY	£248,600	£328,372	24% below HPI
2005 14 OCT	£234,000	£253,833	8% below HPI
2004 6 FEB	£215,000	£242,955	12% below HPI

95 SILVERSPOT 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 95 SILVERSPOT CLOSE sales between February 2004 and May 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 October 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 95 SILVERSPOT CLOSE be worth now?

95 SILVERSPOT CLOSE might now be worth an estimated £403,215.

This is based on house price inflation of 62.2%, between May 2015 and December 2024, for detached houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.2% inflationary increase is applied to the most recent sale price for 95 SILVERSPOT CLOSE of £248,600 on 19th May 2015. For the value to have increased from £248,600 to £403,215 over the eight years and five months to December 2024, the following assumptions must hold true:

• The value of 95 SILVERSPOT CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The May 2015 sale price of £248,600 represented a fair market value for the property.
• The size, condition, and specification of 95 SILVERSPOT CLOSE has not materially changed since May 2015.

How Large is 95 SILVERSPOT CLOSE?

95 SILVERSPOT CLOSE is 87m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 95 SILVERSPOT CLOSE lies on this distribution: 18% of detached houses houses are smaller than 95 SILVERSPOT CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

95 SILVERSPOT CLOSE: Plot and Title Map

95 SILVERSPOT CLOSE sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 95 SILVERSPOT 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 95 SILVERSPOT 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 95 SILVERSPOT CLOSE?

95 SILVERSPOT CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 95 on SILVERSPOT CLOSE.