2, CHAPEL LANE, HEMPSTEAD, GILLINGHAM, ME7 3TD - £550,000

2 CHAPEL LANE is a very large extended detached house of 177m², built sometime between 1976 and 1982. It was last sold for £550,000 in June 2020, which was around 29% above the average June 2020 detached price in the Medway local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

2 CHAPEL LANE Sold Prices

Land registry data shows two sales for 2 CHAPEL LANE 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 2 CHAPEL LANE 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 12 JUN	£550,000	£424,886	29% above HPI
2013 7 JAN	£432,500	£262,239	65% above HPI

2 CHAPEL 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 two 2 CHAPEL LANE sales from January 2013 and June 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 January 2013 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the June 2020 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 2 CHAPEL LANE?

2 CHAPEL LANE is 177m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 20% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 2 CHAPEL LANE lies on this distribution: 87% of detached houses are smaller than 2 CHAPEL LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 CHAPEL LANE: Plot and Title Map

2 CHAPEL LANE sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 2 CHAPEL 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 2 CHAPEL 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 2 CHAPEL LANE?

2 CHAPEL LANE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 2 on CHAPEL LANE.