CEDAR LODGE, SPEKES ROAD, HEMPSTEAD, GILLINGHAM, ME7 3RS - £1,100,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CEDAR LODGE is a very large extended detached house of 424m², built sometime from 2007 onwards, which could now be worth an estimated £1,359,622. It was last sold for £1,100,000 in August 2019, which was around 152% above the average August 2019 detached price in the Medway local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was C.

CEDAR LODGE Sold Prices

Land registry data shows two sales for CEDAR LODGE 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 CEDAR LODGE 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
2019 16 AUG	£1,100,000	£435,811	152% above HPI
2000 15 MAY	£250,000	£134,815	85% above HPI

CEDAR LODGE 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 CEDAR LODGE sales from May 2000 and August 2019 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 2000 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the August 2019 sale, where it rises to 152% above the HPI. The line then continues to track at 152% above the HPI.

What might CEDAR LODGE be worth now?

CEDAR LODGE might now be worth an estimated £1,359,622.

This is based on house price inflation of 23.6%, between August 2019 and February 2025, 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 23.6% inflationary increase is applied to the most recent sale price for CEDAR LODGE of £1,100,000 on 16th August 2019. For the value to have increased from £1,100,000 to £1,359,622 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of CEDAR LODGE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2019 sale price of £1,100,000 represented a fair market value for the property.
• The size, condition, and specification of CEDAR LODGE has not materially changed since August 2019.

How Large is CEDAR LODGE?

CEDAR LODGE is 424m², which includes three extensions, according to the EPC inspection conducted in October 2018. This puts it in the largest 10% 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 CEDAR LODGE lies on this distribution: More than 99% of detached houses houses are smaller than CEDAR LODGE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

CEDAR LODGE: Plot and Title Map

CEDAR LODGE sits on a plot of roughly 0.674 of an acre, or 2,727m². The below map shows the location of CEDAR LODGE, 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 CEDAR LODGE). 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 CEDAR LODGE?

CEDAR LODGE is located on SPEKES ROAD in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of CEDAR LODGE on SPEKES ROAD.