WILLOW LODGE, SPEKES ROAD, HEMPSTEAD, GILLINGHAM, ME7 3RT - £960,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WILLOW LODGE is a very large extended detached house of 287m², built sometime between 1991 and 1995. It was last sold for £960,000 in July 2020, which was around 125% above the average July 2020 detached price in the Medway local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was C.

WILLOW LODGE Sold Prices

Land registry data shows two sales for WILLOW 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 WILLOW 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
2020 15 JUL	£960,000	£426,239	125% above HPI
2009 28 AUG	£485,000	£234,681	107% above HPI

WILLOW 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 WILLOW LODGE sales from August 2009 and July 2020 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 2009 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the July 2020 sale, where it rises to 125% above the HPI. The line then continues to track at 125% above the HPI.

How Large is WILLOW LODGE?

WILLOW LODGE is 287m², which includes one extension, according to the EPC inspection conducted in July 2015. 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 WILLOW LODGE lies on this distribution: 99% of detached houses are smaller than WILLOW LODGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

WILLOW LODGE: Plot and Title Map

WILLOW LODGE sits on a plot of roughly 0.303 of an acre, or 1,225m². The below map shows the location of WILLOW 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 WILLOW 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 WILLOW LODGE?

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