17, CHESTFIELD CLOSE, RAINHAM, GILLINGHAM, ME8 7DR - £260,000

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.

17 CHESTFIELD CLOSE is a very small terraced house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £317,928. It was last sold for £260,000 in August 2020, which was around 18% above the average August 2020 terraced price in the Medway local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

17 CHESTFIELD CLOSE Sold Prices

Land registry data shows two sales for 17 CHESTFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Both of the two 17 CHESTFIELD 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 21 AUG	£260,000	£220,754	18% above HPI
2003 19 DEC	£150,000	£114,766	31% above HPI

17 CHESTFIELD CLOSE 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 two 17 CHESTFIELD CLOSE sales from December 2003 and August 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 December 2003 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the August 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 17 CHESTFIELD CLOSE be worth now?

17 CHESTFIELD CLOSE might now be worth an estimated £317,928.

This is based on house price inflation of 22.3%, between August 2020 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 22.3% inflationary increase is applied to the most recent sale price for 17 CHESTFIELD CLOSE of £260,000 on 21st August 2020. For the value to have increased from £260,000 to £317,928 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of 17 CHESTFIELD CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The August 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 17 CHESTFIELD CLOSE has not materially changed since August 2020.

How Large is 17 CHESTFIELD CLOSE?

17 CHESTFIELD CLOSE is 82m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% 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 17 CHESTFIELD CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 17 CHESTFIELD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

17 CHESTFIELD CLOSE: Plot and Title Map

17 CHESTFIELD CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 17 CHESTFIELD 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 17 CHESTFIELD 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 17 CHESTFIELD CLOSE?

17 CHESTFIELD CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 17 on CHESTFIELD CLOSE.