SCOTTS RIDGE, BUTTERMERE CLOSE, GILLINGHAM, ME7 2TS - £195,000

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.

SCOTTS RIDGE is a very small terraced house of 46m², built sometime between 2003 and 2006, which could now be worth an estimated £227,547. It was last sold for £195,000 in May 2021, which was around 17% below the average May 2021 terraced price in the Medway local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

SCOTTS RIDGE Sold Prices

Land registry data shows three sales for SCOTTS RIDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. One of the three SCOTTS RIDGE sales was for below the average price, whilst two 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 14 MAY	£195,000	£235,125	17% below HPI
2015 13 MAY	£175,000	£166,602	5% above HPI
2014 7 MAR	£165,000	£149,541	10% above HPI

SCOTTS RIDGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The three SCOTTS RIDGE sales between March 2014 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 May 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might SCOTTS RIDGE be worth now?

SCOTTS RIDGE might now be worth an estimated £227,547.

This is based on house price inflation of 16.7%, between May 2021 and July 2025, for terraced 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 16.7% inflationary increase is applied to the most recent sale price for SCOTTS RIDGE of £195,000 on 14th May 2021. For the value to have increased from £195,000 to £227,547 over the three years and ten months to July 2025, the following assumptions must hold true:

• The value of SCOTTS RIDGE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The May 2021 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of SCOTTS RIDGE has not materially changed since May 2021.

How Large is SCOTTS RIDGE?

SCOTTS RIDGE is 46m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Gillingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gillingham, and where SCOTTS RIDGE lies on this distribution: 1% of terraced houses houses are smaller than SCOTTS RIDGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

SCOTTS RIDGE: Plot and Title Map

SCOTTS RIDGE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of SCOTTS RIDGE, 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 SCOTTS RIDGE). 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 SCOTTS RIDGE?

SCOTTS RIDGE is located on BUTTERMERE CLOSE in GILLINGHAM, in the ME7 postcode district. The below map shows the position of SCOTTS RIDGE on BUTTERMERE CLOSE.