1, THE MAILYNS, GILLINGHAM, ME8 0DZ - £225,000

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 THE MAILYNS is a very small detached house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £458,888. It was last sold for £225,000 in September 2011, which was around 15% below the average September 2011 detached price in the Medway local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

1 THE MAILYNS Sold Prices

Land registry data shows three sales for 1 THE MAILYNS 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 1 THE MAILYNS 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
2011 28 SEP	£225,000	£264,119	15% below HPI
2006 26 APR	£190,000	£254,376	25% below HPI
2000 7 AUG	£115,000	£145,027	21% below HPI

1 THE MAILYNS 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 1 THE MAILYNS sales between August 2000 and September 2011 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 April 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2011 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 1 THE MAILYNS be worth now?

1 THE MAILYNS might now be worth an estimated £458,888.

This is based on house price inflation of 104%, between September 2011 and February 2025, 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 104% inflationary increase is applied to the most recent sale price for 1 THE MAILYNS of £225,000 on 28th September 2011. For the value to have increased from £225,000 to £458,888 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 THE MAILYNS has moved in line with the HPI for detached houses in the Medway local authority area.
• The September 2011 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE MAILYNS has not materially changed since September 2011.

How Large is 1 THE MAILYNS?

1 THE MAILYNS is 60m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 1 THE MAILYNS lies on this distribution: 3% of detached houses houses are smaller than 1 THE MAILYNS, and 97% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 THE MAILYNS: Plot and Title Map

1 THE MAILYNS sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 1 THE MAILYNS, 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 1 THE MAILYNS). 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 1 THE MAILYNS?

1 THE MAILYNS is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 1 on THE MAILYNS.