145, HEMPSTEAD ROAD, HEMPSTEAD, GILLINGHAM, ME7 3QE - £287,500

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.

145 HEMPSTEAD ROAD is a very small terraced house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £367,747. It was last sold for £287,500 in May 2017, which was around 36% above the average May 2017 terraced price in the Medway local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was C.

145 HEMPSTEAD ROAD Sold Prices

Land registry data shows four sales for 145 HEMPSTEAD ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. All of the four 145 HEMPSTEAD ROAD 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
2017 5 MAY	£287,500	£211,034	36% above HPI
2006 19 MAY	£192,000	£135,579	42% above HPI
2000 7 JUL	£108,000	£65,187	66% above HPI
1995 18 DEC	£65,000	£39,509	65% above HPI

145 HEMPSTEAD ROAD 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 four 145 HEMPSTEAD ROAD sales between December 1995 and May 2017 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 2006 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the May 2017 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 145 HEMPSTEAD ROAD be worth now?

145 HEMPSTEAD ROAD might now be worth an estimated £367,747.

This is based on house price inflation of 27.9%, between May 2017 and May 2026, 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 27.9% inflationary increase is applied to the most recent sale price for 145 HEMPSTEAD ROAD of £287,500 on 5th May 2017. For the value to have increased from £287,500 to £367,747 over the nine years to May 2026, the following assumptions must hold true:

• The value of 145 HEMPSTEAD ROAD has moved in line with the HPI for terraced houses in the Medway local authority area.
• The May 2017 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 145 HEMPSTEAD ROAD has not materially changed since May 2017.

How Large is 145 HEMPSTEAD ROAD?

145 HEMPSTEAD ROAD is 75m² according to the EPC inspection conducted in September 2016. 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 145 HEMPSTEAD ROAD lies on this distribution: 10% of terraced houses houses are smaller than 145 HEMPSTEAD ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

145 HEMPSTEAD ROAD: Plot and Title Map

145 HEMPSTEAD ROAD sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 145 HEMPSTEAD ROAD, 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 145 HEMPSTEAD ROAD). 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 145 HEMPSTEAD ROAD?

145 HEMPSTEAD ROAD is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 145 on HEMPSTEAD ROAD.