18, DERBY ROAD, CHATHAM, ME5 7JF - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 DERBY ROAD is a very small extended detached house of 88m², built sometime between 1930 and 1949. It was last sold for £400,000 in March 2021, which was around 10% below the average March 2021 detached price in the Medway local authority area. The most recent EPC inspection was July 2012, where the current energy rating was E, and the potential energy rating was B.

18 DERBY ROAD Sold Prices

Land registry data shows four sales for 18 DERBY ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 18 DERBY 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 4 MAR	£400,000	£444,521	10% below HPI
2014 21 FEB	£224,000	£280,877	20% below HPI
2006 17 MAR	£229,500	£247,343	7% below HPI
2001 30 JUL	£135,000	£156,239	14% below HPI

18 DERBY 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 four 18 DERBY ROAD sales between July 2001 and March 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 February 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 18 DERBY ROAD?

18 DERBY ROAD is 88m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the smallest 20% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 18 DERBY ROAD lies on this distribution: 19% of detached houses are smaller than 18 DERBY ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

18 DERBY ROAD: Plot and Title Map

18 DERBY ROAD sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 18 DERBY 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 18 DERBY 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 18 DERBY ROAD?

18 DERBY ROAD is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 18 on DERBY ROAD.