4, CLOVER LAY, RAINHAM, GILLINGHAM, ME8 8LY - £527,500

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.

4 CLOVER LAY is a large extended detached house of 129m², built sometime between 1996 and 2002, which could now be worth an estimated £585,160. It was last sold for £527,500 in October 2021, which was around 9% above the average October 2021 detached price in the Medway local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

4 CLOVER LAY Sold Prices

Land registry data shows four sales for 4 CLOVER LAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 4 CLOVER LAY 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
2021 15 OCT	£527,500	£485,171	9% above HPI
2021 11 JUN	£498,000	£462,665	8% above HPI
2013 30 MAY	£300,000	£268,196	12% above HPI
1998 13 JAN	£106,250	£100,517	6% above HPI

4 CLOVER LAY 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 four 4 CLOVER LAY sales between January 1998 and October 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 June 2021 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the October 2021 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 4 CLOVER LAY be worth now?

4 CLOVER LAY might now be worth an estimated £585,160.

This is based on house price inflation of 10.9%, between October 2021 and March 2025, 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 10.9% inflationary increase is applied to the most recent sale price for 4 CLOVER LAY of £527,500 on 15th October 2021. For the value to have increased from £527,500 to £585,160 over the four years and seven months to March 2025, the following assumptions must hold true:

• The value of 4 CLOVER LAY has moved in line with the HPI for detached houses in the Medway local authority area.
• The October 2021 sale price of £527,500 represented a fair market value for the property.
• The size, condition, and specification of 4 CLOVER LAY has not materially changed since October 2021.

How Large is 4 CLOVER LAY?

4 CLOVER LAY is 129m², which includes two extensions, according to the EPC inspection conducted in November 2012. This puts it in the largest 40% 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 4 CLOVER LAY lies on this distribution: 63% of detached houses houses are smaller than 4 CLOVER LAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 CLOVER LAY: Plot and Title Map

4 CLOVER LAY sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 4 CLOVER LAY, 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 4 CLOVER LAY). 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 4 CLOVER LAY?

4 CLOVER LAY is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 4 on CLOVER LAY.