HEDGEROWS, SPEKES ROAD, HEMPSTEAD, GILLINGHAM, ME7 3RS - £750,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

HEDGEROWS is a very large detached house of 370m², built sometime between 1950 and 1966. It was last sold for £750,000 in May 2021, which was around 69% above the average May 2021 detached price in the Medway local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

HEDGEROWS Sold Prices

Land registry data shows two sales for HEDGEROWS 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 HEDGEROWS 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
2021 5 MAY	£750,000	£445,017	69% above HPI
2013 14 AUG	£430,000	£268,367	60% above HPI

HEDGEROWS 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 HEDGEROWS sales from August 2013 and May 2021 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 August 2013 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the May 2021 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is HEDGEROWS?

HEDGEROWS is 370m² according to the EPC inspection conducted in January 2020. This puts it in the largest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where HEDGEROWS lies on this distribution: More than 99% of detached houses are smaller than HEDGEROWS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

HEDGEROWS: Plot and Title Map

HEDGEROWS sits on a plot of roughly 0.401 of an acre, or 1,624m². The below map shows the location of HEDGEROWS, 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 HEDGEROWS). 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 HEDGEROWS?

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