5, LYRA CLOSE, GILLINGHAM, ME8 0EJ - £490,000

5 LYRA CLOSE is a large detached house of 145m², built sometime between 2003 and 2006. It was last sold for £490,000 in May 2021, which was around 10% above the average May 2021 detached price in the Medway local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 LYRA CLOSE Sold Prices

Land registry data shows two sales for 5 LYRA 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 5 LYRA 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
2021 14 MAY	£490,000	£445,017	10% above HPI
2008 25 NOV	£302,500	£247,695	22% above HPI

5 LYRA 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 5 LYRA CLOSE sales from November 2008 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 November 2008 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 5 LYRA CLOSE?

5 LYRA CLOSE is 145m² according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 5 LYRA CLOSE lies on this distribution: 73% of detached houses are smaller than 5 LYRA CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 LYRA CLOSE: Plot and Title Map

5 LYRA CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 5 LYRA 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 LYRA 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 LYRA CLOSE?

5 LYRA CLOSE is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 5 on LYRA CLOSE.