8, AUGUSTA CLOSE, GILLINGHAM, ME7 1FG - £145,000

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.

8 AUGUSTA CLOSE is a large flat of 60m², built sometime between 1983 and 1990, which could now be worth an estimated £211,664. It was last sold for £145,000 in July 2014, which was around 27% above the average July 2014 flat price in the Medway local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

8 AUGUSTA CLOSE Sold Prices

Land registry data shows two sales for 8 AUGUSTA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Medway local authority area for the corresponding sale date. Both of the two 8 AUGUSTA 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
2014 7 JUL	£145,000	£113,929	27% above HPI
2003 17 OCT	£109,500	£91,535	20% above HPI

What might 8 AUGUSTA CLOSE be worth now?

8 AUGUSTA CLOSE might now be worth an estimated £211,664.

This is based on house price inflation of 46%, between July 2014 and May 2026, for flats, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46% inflationary increase is applied to the most recent sale price for 8 AUGUSTA CLOSE of £145,000 on 7th July 2014. For the value to have increased from £145,000 to £211,664 over the twelve years and two months to May 2026, the following assumptions must hold true:

• The value of 8 AUGUSTA CLOSE has moved in line with the HPI for flats in the Medway local authority area.
• The July 2014 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 8 AUGUSTA CLOSE has not materially changed since July 2014.

How Large is 8 AUGUSTA CLOSE?

8 AUGUSTA CLOSE is 60m² according to the EPC inspection conducted in February 2014. This puts it in the largest 40% of flats in Gillingham, based on EPC data. 60% of flats are smaller than 8 AUGUSTA CLOSE, and 38% of flats are larger. Note that EPC data is not available for all properties in Gillingham.

8 AUGUSTA CLOSE: Plot

8 AUGUSTA CLOSE sits on a plot of roughly 0.070 of an acre, or 282m².

Where is 8 AUGUSTA CLOSE?

8 AUGUSTA CLOSE is located in GILLINGHAM, in the ME7 postcode district.