CARREG WEN, SPEKES ROAD, HEMPSTEAD, GILLINGHAM, ME7 3RS - £352,500

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.

CARREG WEN is a small semi-detached house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £475,653. It was last sold for £352,500 in September 2016, which was around 35% above the average September 2016 semi-detached price in the Medway local authority area. The most recent EPC inspection was March 2016, where the current energy rating was E, and the potential energy rating was C.

CARREG WEN Sold Prices

Land registry data shows two sales for CARREG WEN 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 CARREG WEN 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 2 SEP	£352,500	£261,600	35% above HPI
1995 15 DEC	£94,000	£51,809	81% above HPI

CARREG WEN 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 CARREG WEN sales from December 1995 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 December 1995 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the September 2016 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might CARREG WEN be worth now?

CARREG WEN might now be worth an estimated £475,653.

This is based on house price inflation of 34.9%, between September 2016 and March 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 34.9% inflationary increase is applied to the most recent sale price for CARREG WEN of £352,500 on 2nd September 2016. For the value to have increased from £352,500 to £475,653 over the nine years and six months to March 2025, the following assumptions must hold true:

• The value of CARREG WEN has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The September 2016 sale price of £352,500 represented a fair market value for the property.
• The size, condition, and specification of CARREG WEN has not materially changed since September 2016.

How Large is CARREG WEN?

CARREG WEN is 107m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% 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 CARREG WEN lies on this distribution: 39% of semi-detached houses houses are smaller than CARREG WEN, and 60% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

CARREG WEN: Plot and Title Map

CARREG WEN sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of CARREG WEN, 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 CARREG WEN). 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 CARREG WEN?

CARREG WEN is located on SPEKES ROAD in HEMPSTEAD, in the ME7 postcode district. The below map shows the position of CARREG WEN on SPEKES ROAD.