7, DEVON CLOSE, RAINHAM, GILLINGHAM, ME8 7LG - £370,000

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.

7 DEVON CLOSE is a small extended detached house of 97m², built sometime between 1950 and 1966, which could now be worth an estimated £448,421. It was last sold for £370,000 in July 2020, which was around 15% below the average July 2020 detached price in the Medway local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

7 DEVON CLOSE Sold Prices

Land registry data shows two sales for 7 DEVON 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 7 DEVON 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 17 JUL	£370,000	£437,750	15% below HPI
2005 14 OCT	£200,000	£253,833	21% below HPI

7 DEVON 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 7 DEVON CLOSE sales from October 2005 and July 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 October 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 7 DEVON CLOSE be worth now?

7 DEVON CLOSE might now be worth an estimated £448,421.

This is based on house price inflation of 21.2%, between July 2020 and April 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 21.2% inflationary increase is applied to the most recent sale price for 7 DEVON CLOSE of £370,000 on 17th July 2020. For the value to have increased from £370,000 to £448,421 over the six years and three months to April 2026, the following assumptions must hold true:

• The value of 7 DEVON CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The July 2020 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 7 DEVON CLOSE has not materially changed since July 2020.

How Large is 7 DEVON CLOSE?

7 DEVON CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 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 7 DEVON CLOSE lies on this distribution: 28% of detached houses houses are smaller than 7 DEVON CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 DEVON CLOSE: Plot and Title Map

7 DEVON CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 7 DEVON 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 7 DEVON 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 7 DEVON CLOSE?

7 DEVON CLOSE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 7 on DEVON CLOSE.