16, LAUREL ROAD, GILLINGHAM, ME7 1NT - £320,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

16 LAUREL ROAD is a midsized detached house of 108m², built sometime between 2003 and 2006. It was last sold for £320,000 in June 2021, which was around 29% below the average June 2021 detached price in the Medway local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

16 LAUREL ROAD Sold Prices

Land registry data shows three sales for 16 LAUREL ROAD 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 16 LAUREL ROAD 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
2021 29 JUN	£320,000	£450,499	29% below HPI
2013 17 JUL	£195,000	£265,705	27% below HPI
2006 26 OCT	£194,000	£261,446	26% below HPI

16 LAUREL ROAD 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 16 LAUREL ROAD sales between October 2006 and June 2021 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 July 2013 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 16 LAUREL ROAD?

16 LAUREL ROAD is 108m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 16 LAUREL ROAD lies on this distribution: 41% of detached houses are smaller than 16 LAUREL ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

16 LAUREL ROAD: Plot and Title Map

16 LAUREL ROAD sits on a plot of roughly 0.037 of an acre, or 149m². The below map shows the location of 16 LAUREL ROAD, 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 16 LAUREL ROAD). 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 16 LAUREL ROAD?

16 LAUREL ROAD is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 16 on LAUREL ROAD.