CHESTNUT COTTAGE, PIER APPROACH ROAD, GILLINGHAM, ME7 1RU - £275,000

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

CHESTNUT COTTAGE is a small extended detached house of 94m², built sometime between 1976 and 1982. It was last sold for £275,000 in August 2017, which was around 35% below the average August 2017 detached price in the Medway local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

CHESTNUT COTTAGE Sold Prices

Land registry data shows three sales for CHESTNUT COTTAGE 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 CHESTNUT COTTAGE 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
2017 22 AUG	£275,000	£421,464	35% below HPI
2014 3 OCT	£245,000	£313,355	22% below HPI
2002 23 DEC	£158,000	£211,748	25% below HPI

CHESTNUT COTTAGE 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 CHESTNUT COTTAGE sales between December 2002 and August 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 October 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2017 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is CHESTNUT COTTAGE?

CHESTNUT COTTAGE is 94m², which includes four extensions, according to the EPC inspection conducted in September 2018. This puts it in the smallest 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 CHESTNUT COTTAGE lies on this distribution: 24% of detached houses are smaller than CHESTNUT COTTAGE, and 75% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

CHESTNUT COTTAGE: Plot and Title Map

CHESTNUT COTTAGE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of CHESTNUT COTTAGE, 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 CHESTNUT COTTAGE). 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 CHESTNUT COTTAGE?

CHESTNUT COTTAGE is located on PIER APPROACH ROAD in GILLINGHAM, in the ME7 postcode district. The below map shows the position of CHESTNUT COTTAGE on PIER APPROACH ROAD.