5, MELODY CLOSE, GILLINGHAM, ME8 0NH - £285,000

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 MELODY CLOSE is a very small semi-detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £383,056. It was last sold for £285,000 in September 2016, which was around 9% above the average September 2016 semi-detached price in the Medway local authority area. The most recent EPC inspection was February 2010, where the current energy rating was C, and the potential energy rating was C.

5 MELODY CLOSE Sold Prices

Land registry data shows two sales for 5 MELODY 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. Both of the two 5 MELODY 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
2016 9 SEP	£285,000	£261,600	9% above HPI
2010 9 JUN	£214,995	£170,820	26% above HPI

5 MELODY 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 5 MELODY CLOSE sales from June 2010 and September 2016 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 2010 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the September 2016 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 5 MELODY CLOSE be worth now?

5 MELODY CLOSE might now be worth an estimated £383,056.

This is based on house price inflation of 34.4%, between September 2016 and February 2025, 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 34.4% inflationary increase is applied to the most recent sale price for 5 MELODY CLOSE of £285,000 on 9th September 2016. For the value to have increased from £285,000 to £383,056 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 MELODY CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The September 2016 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MELODY CLOSE has not materially changed since September 2016.

How Large is 5 MELODY CLOSE?

5 MELODY CLOSE is 77m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 20% 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 MELODY CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 5 MELODY CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 MELODY CLOSE: Plot and Title Map

5 MELODY CLOSE sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 5 MELODY 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 MELODY 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 MELODY CLOSE?

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