120, PUMP LANE, RAINHAM, GILLINGHAM, ME8 7AP - £518,000

120 PUMP LANE is a large extended detached house of 139m², built sometime between 1996 and 2002. It was last sold for £518,000 in February 2023, which was around 2% below the average February 2023 detached price in the Medway local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

120 PUMP LANE Sold Prices

Land registry data shows three sales for 120 PUMP LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Two of the three 120 PUMP LANE sales were for below the average price, whilst one was 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
2023 23 FEB	£518,000	£530,343	2% below HPI
2014 7 MAR	£275,000	£284,553	3% below HPI
1998 26 MAR	£126,000	£99,173	27% above HPI

120 PUMP LANE 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 three 120 PUMP LANE sales between March 1998 and February 2023 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 March 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 120 PUMP LANE?

120 PUMP LANE is 139m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 30% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 120 PUMP LANE lies on this distribution: 70% of detached houses are smaller than 120 PUMP LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

120 PUMP LANE: Plot and Title Map

120 PUMP LANE sits on a plot of roughly 0.131 of an acre, or 528m². The below map shows the location of 120 PUMP LANE, 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 120 PUMP LANE). 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 120 PUMP LANE?

120 PUMP LANE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 120 on PUMP LANE.