7, PUMP LANE, RAINHAM, GILLINGHAM, ME8 7AA - £250,000

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.

7 PUMP LANE is a detached house, which could now be worth an estimated £289,784. It was last sold for £250,000 in November 2020, which was around 45% below the average November 2020 detached price in the Medway local authority area.

7 PUMP LANE Sold Prices

Land registry data shows two sales for 7 PUMP LANE 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 7 PUMP LANE 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
2020 13 NOV	£250,000	£453,715	45% below HPI
1995 10 FEB	£40,235	£84,936	53% below HPI

What might 7 PUMP LANE be worth now?

7 PUMP LANE might now be worth an estimated £289,784.

This is based on house price inflation of 15.9%, between November 2020 and May 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 15.9% inflationary increase is applied to the most recent sale price for 7 PUMP LANE of £250,000 on 13th November 2020. For the value to have increased from £250,000 to £289,784 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 7 PUMP LANE has moved in line with the HPI for detached houses in the Medway local authority area.
• The November 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PUMP LANE has not materially changed since November 2020.

Where is 7 PUMP LANE?

7 PUMP LANE is located in RAINHAM, in the ME8 postcode district.