17, CRANFORD CLOSE, RAINHAM, GILLINGHAM, ME8 7HD - £610,000

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 CRANFORD CLOSE is a large detached house of 145m², built in 2013, which could now be worth an estimated £600,053. It was last sold for £610,000 in September 2022, which was around 14% above the average September 2022 detached price in the Medway local authority area. The most recent EPC inspection was April 2013, where the current energy rating was B, and the potential energy rating was B.

17 CRANFORD CLOSE Sold Prices

Land registry data shows two sales for 17 CRANFORD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 17 CRANFORD 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
2022 9 SEP	£610,000	£534,636	14% above HPI
2013 10 MAY	£360,000	£268,196	34% above HPI

17 CRANFORD CLOSE 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 two 17 CRANFORD CLOSE sales from May 2013 and September 2022 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 2013 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the September 2022 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 17 CRANFORD CLOSE be worth now?

17 CRANFORD CLOSE might now be worth an estimated £600,053.

This is based on house price deflation of 1.6%, between September 2022 and May 2026, for 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 1.6% deflationary decrease is applied to the most recent sale price for 17 CRANFORD CLOSE of £610,000 on 9th September 2022. For the value to have decreased from £610,000 to £600,053 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 17 CRANFORD CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The September 2022 sale price of £610,000 represented a fair market value for the property.
• The size, condition, and specification of 17 CRANFORD CLOSE has not materially changed since September 2022.

How Large is 17 CRANFORD CLOSE?

17 CRANFORD CLOSE is 145m² according to the EPC inspection conducted in April 2013. This puts it in the largest 30% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 17 CRANFORD CLOSE lies on this distribution: 73% of detached houses houses are smaller than 17 CRANFORD CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

17 CRANFORD CLOSE: Plot and Title Map

17 CRANFORD CLOSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 17 CRANFORD 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 CRANFORD 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 CRANFORD CLOSE?

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