DEVONWOOD, SPEKES ROAD, HEMPSTEAD, GILLINGHAM, ME7 3RT - £390,000

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

DEVONWOOD is a midsized detached house of 113m², built sometime between 1983 and 1990. It was last sold for £390,000 in April 2010, which was around 51% above the average April 2010 detached price in the Medway local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

DEVONWOOD Sold Prices

Land registry data shows two sales for DEVONWOOD 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 DEVONWOOD 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
2010 29 APR	£390,000	£257,607	51% above HPI
1997 26 SEP	£172,500	£96,645	78% above HPI

DEVONWOOD 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 DEVONWOOD sales from September 1997 and April 2010 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 September 1997 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the April 2010 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is DEVONWOOD?

DEVONWOOD is 113m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where DEVONWOOD lies on this distribution: 45% of detached houses are smaller than DEVONWOOD, and 55% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

DEVONWOOD: Plot and Title Map

DEVONWOOD sits on a plot of roughly 0.194 of an acre, or 785m². The below map shows the location of DEVONWOOD, 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 DEVONWOOD). 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 DEVONWOOD?

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