3, COODEN CLOSE, RAINHAM, GILLINGHAM, ME8 7QD - £290,000

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.

3 COODEN CLOSE is a very small semi-detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £338,199. It was last sold for £290,000 in May 2021, which was around 3% below the average May 2021 semi-detached price in the Medway local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

3 COODEN CLOSE Sold Prices

Land registry data shows two sales for 3 COODEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. One of the two 3 COODEN CLOSE sales was for below the average price, whilst the other was 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
2021 26 MAY	£290,000	£297,933	3% below HPI
2011 4 FEB	£175,000	£168,341	4% above HPI

3 COODEN 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 two 3 COODEN CLOSE sales from February 2011 and May 2021 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 February 2011 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 3 COODEN CLOSE be worth now?

3 COODEN CLOSE might now be worth an estimated £338,199.

This is based on house price inflation of 16.6%, between May 2021 and May 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 16.6% inflationary increase is applied to the most recent sale price for 3 COODEN CLOSE of £290,000 on 26th May 2021. For the value to have increased from £290,000 to £338,199 over the five years to May 2026, the following assumptions must hold true:

• The value of 3 COODEN CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The May 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COODEN CLOSE has not materially changed since May 2021.

How Large is 3 COODEN CLOSE?

3 COODEN CLOSE is 71m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% 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 3 COODEN CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 3 COODEN CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

3 COODEN CLOSE: Plot and Title Map

3 COODEN CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 3 COODEN 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 3 COODEN 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 3 COODEN CLOSE?

3 COODEN CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 3 on COODEN CLOSE.