24, PEAR TREE LANE, HEMPSTEAD, GILLINGHAM, ME7 3PT - £249,995

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.

24 PEAR TREE LANE is a very small terraced house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £407,844. It was last sold for £249,995 in February 2015, which was around 51% above the average February 2015 terraced price in the Medway local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

24 PEAR TREE LANE Sold Prices

Land registry data shows two sales for 24 PEAR TREE LANE 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 24 PEAR TREE 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
2015 20 FEB	£249,995	£165,463	51% above HPI
2001 19 OCT	£110,000	£76,251	44% above HPI

24 PEAR TREE LANE 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 24 PEAR TREE LANE sales from October 2001 and February 2015 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 October 2001 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the February 2015 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 24 PEAR TREE LANE be worth now?

24 PEAR TREE LANE might now be worth an estimated £407,844.

This is based on house price inflation of 63.1%, between February 2015 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 63.1% inflationary increase is applied to the most recent sale price for 24 PEAR TREE LANE of £249,995 on 20th February 2015. For the value to have increased from £249,995 to £407,844 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 24 PEAR TREE LANE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The February 2015 sale price of £249,995 represented a fair market value for the property.
• The size, condition, and specification of 24 PEAR TREE LANE has not materially changed since February 2015.

How Large is 24 PEAR TREE LANE?

24 PEAR TREE LANE is 73m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% 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 24 PEAR TREE LANE lies on this distribution: 9% of terraced houses houses are smaller than 24 PEAR TREE LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

24 PEAR TREE LANE: Plot and Title Map

24 PEAR TREE LANE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 24 PEAR TREE 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 24 PEAR TREE 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 24 PEAR TREE LANE?

24 PEAR TREE LANE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 24 on PEAR TREE LANE.