1, GRESHAM CLOSE, RAINHAM, GILLINGHAM, ME8 7RR - £215,000

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.

1 GRESHAM CLOSE is a detached house, which could now be worth an estimated £446,576. It was last sold for £215,000 in August 2004, which was around 16% below the average August 2004 detached price in the Medway local authority area.

1 GRESHAM CLOSE Sold Prices

Land registry data shows two sales for 1 GRESHAM 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 1 GRESHAM 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
2004 9 AUG	£215,000	£255,419	16% below HPI
1997 9 JUL	£91,000	£94,846	4% below HPI

What might 1 GRESHAM CLOSE be worth now?

1 GRESHAM CLOSE might now be worth an estimated £446,576.

This is based on house price inflation of 107.7%, between August 2004 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 107.7% inflationary increase is applied to the most recent sale price for 1 GRESHAM CLOSE of £215,000 on 9th August 2004. For the value to have increased from £215,000 to £446,576 over the 22 years and four months to April 2026, the following assumptions must hold true:

• The value of 1 GRESHAM CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2004 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GRESHAM CLOSE has not materially changed since August 2004.

Where is 1 GRESHAM CLOSE?

1 GRESHAM CLOSE is located in RAINHAM, in the ME8 postcode district.