5, AUGUSTA CLOSE, GILLINGHAM, ME7 1FG - £230,000

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.

5 AUGUSTA CLOSE is a very small semi-detached house of 60m², built sometime between 2003 and 2006, which could now be worth an estimated £283,055. It was last sold for £230,000 in May 2020, which was around 19% below the average May 2020 semi-detached price in the Medway local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

5 AUGUSTA CLOSE Sold Prices

Land registry data shows five sales for 5 AUGUSTA CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the five 5 AUGUSTA 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
2020 1 MAY	£230,000	£282,325	19% below HPI
2018 6 APR	£225,000	£281,724	20% below HPI
2013 4 OCT	£124,000	£182,272	32% below HPI
2000 14 DEC	£64,995	£88,683	27% below HPI
1996 20 JUN	£21,500	£52,580	59% below HPI

5 AUGUSTA 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 five 5 AUGUSTA CLOSE sales between June 1996 and May 2020 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 April 2018 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 5 AUGUSTA CLOSE be worth now?

5 AUGUSTA CLOSE might now be worth an estimated £283,055.

This is based on house price inflation of 23.1%, between May 2020 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 23.1% inflationary increase is applied to the most recent sale price for 5 AUGUSTA CLOSE of £230,000 on 1st May 2020. For the value to have increased from £230,000 to £283,055 over the six years to May 2026, the following assumptions must hold true:

• The value of 5 AUGUSTA CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The May 2020 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 5 AUGUSTA CLOSE has not materially changed since May 2020.

How Large is 5 AUGUSTA CLOSE?

5 AUGUSTA CLOSE is 60m² according to the EPC inspection conducted in January 2020. 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 5 AUGUSTA CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 5 AUGUSTA CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 AUGUSTA CLOSE: Plot and Title Map

5 AUGUSTA CLOSE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 5 AUGUSTA 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 5 AUGUSTA 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 5 AUGUSTA CLOSE?

5 AUGUSTA CLOSE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 5 on AUGUSTA CLOSE.