10, MELODY CLOSE, GILLINGHAM, ME8 0NH - £335,000

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.

10 MELODY CLOSE is a very small semi-detached house of 67m², built sometime between 1983 and 1990, which could now be worth an estimated £403,684. It was last sold for £335,000 in October 2020, which was around 15% above the average October 2020 semi-detached price in the Medway local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

10 MELODY CLOSE Sold Prices

Land registry data shows four sales for 10 MELODY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the four 10 MELODY CLOSE 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 8 OCT	£335,000	£291,782	15% above HPI
2010 25 NOV	£202,000	£172,626	17% above HPI
2005 29 APR	£182,000	£167,176	9% above HPI
1999 29 OCT	£96,000	£73,847	30% above HPI

10 MELODY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The four 10 MELODY CLOSE sales between October 1999 and October 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 November 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2020 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 10 MELODY CLOSE be worth now?

10 MELODY CLOSE might now be worth an estimated £403,684.

This is based on house price inflation of 20.5%, between October 2020 and February 2025, for semi-detached 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 20.5% inflationary increase is applied to the most recent sale price for 10 MELODY CLOSE of £335,000 on 8th October 2020. For the value to have increased from £335,000 to £403,684 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 10 MELODY CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The October 2020 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MELODY CLOSE has not materially changed since October 2020.

How Large is 10 MELODY CLOSE?

10 MELODY CLOSE is 67m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of semi-detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gillingham, and where 10 MELODY CLOSE lies on this distribution: 6% of semi-detached houses houses are smaller than 10 MELODY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

10 MELODY CLOSE: Plot and Title Map

10 MELODY CLOSE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 10 MELODY CLOSE, 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 10 MELODY CLOSE). 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 10 MELODY CLOSE?

10 MELODY CLOSE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 10 on MELODY CLOSE.