2, RIPON CLOSE, RAINHAM, GILLINGHAM, ME8 7BS - £315,000

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.

2 RIPON CLOSE is a very small semi-detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £334,969. It was last sold for £315,000 in June 2024, which was around 4% below the average June 2024 semi-detached price in the Medway local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

2 RIPON CLOSE Sold Prices

Land registry data shows three sales for 2 RIPON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the three 2 RIPON CLOSE sales were for below 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
2024 24 JUN	£315,000	£328,208	4% below HPI
2014 4 DEC	£206,000	£210,693	2% below HPI
2009 3 DEC	£163,000	£168,210	3% below HPI

2 RIPON 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 three 2 RIPON CLOSE sales between December 2009 and June 2024 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 2014 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2024 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 RIPON CLOSE be worth now?

2 RIPON CLOSE might now be worth an estimated £334,969.

This is based on house price inflation of 6.3%, between June 2024 and April 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 6.3% inflationary increase is applied to the most recent sale price for 2 RIPON CLOSE of £315,000 on 24th June 2024. For the value to have increased from £315,000 to £334,969 over the two years and two months to April 2026, the following assumptions must hold true:

• The value of 2 RIPON CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The June 2024 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RIPON CLOSE has not materially changed since June 2024.

How Large is 2 RIPON CLOSE?

2 RIPON CLOSE is 81m² according to the EPC inspection conducted in January 2024. 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 2 RIPON CLOSE lies on this distribution: 14% of semi-detached houses houses are smaller than 2 RIPON CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 RIPON CLOSE: Plot and Title Map

2 RIPON CLOSE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 2 RIPON 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 2 RIPON 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 2 RIPON CLOSE?

2 RIPON CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 2 on RIPON CLOSE.