40, CRANFORD CLOSE, RAINHAM, GILLINGHAM, ME8 7HD - £513,100

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.

40 CRANFORD CLOSE is a large detached house of 145m², built in 2012, which could now be worth an estimated £603,311. It was last sold for £513,100 in September 2018, which was around 15% above the average September 2018 detached price in the Medway local authority area. The most recent EPC inspection was October 2012, where the current energy rating was B, and the potential energy rating was B.

40 CRANFORD CLOSE Sold Prices

Land registry data shows two sales for 40 CRANFORD CLOSE 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 40 CRANFORD CLOSE 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
2018 14 SEP	£513,100	£447,279	15% above HPI
2012 15 OCT	£370,000	£261,238	42% above HPI

40 CRANFORD CLOSE 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 40 CRANFORD CLOSE sales from October 2012 and September 2018 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 2012 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the September 2018 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 40 CRANFORD CLOSE be worth now?

40 CRANFORD CLOSE might now be worth an estimated £603,311.

This is based on house price inflation of 17.6%, between September 2018 and May 2026, 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 17.6% inflationary increase is applied to the most recent sale price for 40 CRANFORD CLOSE of £513,100 on 14th September 2018. For the value to have increased from £513,100 to £603,311 over the eight years and four months to May 2026, the following assumptions must hold true:

• The value of 40 CRANFORD CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The September 2018 sale price of £513,100 represented a fair market value for the property.
• The size, condition, and specification of 40 CRANFORD CLOSE has not materially changed since September 2018.

How Large is 40 CRANFORD CLOSE?

40 CRANFORD CLOSE is 145m² according to the EPC inspection conducted in October 2012. This puts it in the largest 30% 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 40 CRANFORD CLOSE lies on this distribution: 73% of detached houses houses are smaller than 40 CRANFORD CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

40 CRANFORD CLOSE: Plot and Title Map

40 CRANFORD CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 40 CRANFORD 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 40 CRANFORD 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 40 CRANFORD CLOSE?

40 CRANFORD CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 40 on CRANFORD CLOSE.