8, THE RISE, HEMPSTEAD, GILLINGHAM, ME7 3SF - £455,000

8 THE RISE is a very large extended detached house of 189m², built sometime between 1976 and 1982. It was last sold for £455,000 in December 2013, which was around 65% above the average December 2013 detached price in the Medway local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

8 THE RISE Sold Prices

Land registry data shows three sales for 8 THE RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 8 THE RISE 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
2013 20 DEC	£455,000	£275,011	65% above HPI
2010 14 MAY	£421,000	£258,319	63% above HPI
2009 20 FEB	£415,000	£234,970	77% above HPI

8 THE RISE 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 three 8 THE RISE sales between February 2009 and December 2013 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 May 2010 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the December 2013 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 8 THE RISE?

8 THE RISE is 189m², which includes four extensions, according to the EPC inspection conducted in December 2013. This puts it in the largest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 8 THE RISE lies on this distribution: 91% of detached houses are smaller than 8 THE RISE, and 9% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

8 THE RISE: Plot and Title Map

8 THE RISE sits on a plot of roughly 0.302 of an acre, or 1,222m². The below map shows the location of 8 THE RISE, 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 8 THE RISE). 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 8 THE RISE?

8 THE RISE is located in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of No. 8 on THE RISE.