2, BAIL CLOSE, RAINHAM, GILLINGHAM, ME8 7FF - £504,000

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.

2 BAIL CLOSE is a small detached house of 106m², built in 2021, which could now be worth an estimated £502,725. It was last sold for £504,000 in August 2022, which was around 5% below the average August 2022 detached price in the Medway local authority area. The most recent EPC inspection was April 2022, where the current energy rating was B, and the potential energy rating was A.

2 BAIL CLOSE Sold Prices

Land registry data shows one sale for 2 BAIL CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Medway local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 22 AUG	£504,000	£531,876	5% below HPI

What might 2 BAIL CLOSE be worth now?

2 BAIL CLOSE might now be worth an estimated £502,725.

This is based on house price deflation of 0.3%, between August 2022 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 0.3% deflationary decrease is applied to the most recent sale price for 2 BAIL CLOSE of £504,000 on 22nd August 2022. For the value to have decreased from £504,000 to £502,725 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 2 BAIL CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2022 sale price of £504,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BAIL CLOSE has not materially changed since August 2022.

How Large is 2 BAIL CLOSE?

2 BAIL CLOSE is 106m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 2 BAIL CLOSE lies on this distribution: 37% of detached houses are smaller than 2 BAIL CLOSE, and 62% of detached houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 BAIL CLOSE: Plot

2 BAIL CLOSE sits on a plot of roughly 0.054 of an acre, or 218m².

Where is 2 BAIL CLOSE?

2 BAIL CLOSE is located in RAINHAM, in the ME8 postcode district.