16, MAYFIELD CLOSE, RAINHAM, GILLINGHAM, ME8 7DP - £400,000

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.

16 MAYFIELD CLOSE is a very small semi-detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £417,456. It was last sold for £400,000 in April 2023, which was around 18% above the average April 2023 semi-detached price in the Medway local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was C.

16 MAYFIELD CLOSE Sold Prices

Land registry data shows four sales for 16 MAYFIELD 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 16 MAYFIELD 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
2023 14 APR	£400,000	£339,238	18% above HPI
2006 25 JUL	£205,000	£172,662	19% above HPI
2004 10 SEP	£198,000	£168,703	17% above HPI
1998 18 DEC	£97,500	£67,200	45% above HPI

16 MAYFIELD 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 16 MAYFIELD CLOSE sales between December 1998 and April 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 July 2006 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the April 2023 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 16 MAYFIELD CLOSE be worth now?

16 MAYFIELD CLOSE might now be worth an estimated £417,456.

This is based on house price inflation of 4.4%, between April 2023 and July 2026, 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 4.4% inflationary increase is applied to the most recent sale price for 16 MAYFIELD CLOSE of £400,000 on 14th April 2023. For the value to have increased from £400,000 to £417,456 over the two years and nine months to July 2026, the following assumptions must hold true:

• The value of 16 MAYFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The April 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MAYFIELD CLOSE has not materially changed since April 2023.

How Large is 16 MAYFIELD CLOSE?

16 MAYFIELD CLOSE is 80m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% 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 16 MAYFIELD CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 16 MAYFIELD CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

16 MAYFIELD CLOSE: Plot and Title Map

16 MAYFIELD CLOSE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 16 MAYFIELD 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 16 MAYFIELD 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 16 MAYFIELD CLOSE?

16 MAYFIELD CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 16 on MAYFIELD CLOSE.