1A, SECOND AVENUE, GILLINGHAM, ME7 2HX - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1A SECOND AVENUE is a midsized extended detached house of 117m², built sometime between 1996 and 2002. It was last sold for £425,000 in October 2017, which was about the average October 2017 detached price in the Medway local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

1A SECOND AVENUE Sold Prices

Land registry data shows five sales for 1A SECOND AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Medway local authority area for the corresponding sale date. The five 1A SECOND AVENUE sales were a mix of roughly equal to the average price, and above 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
2017 23 OCT	£425,000	£423,218	Close to HPI
2015 24 JUL	£346,000	£329,730	5% above HPI
2003 23 MAY	£232,000	£223,205	4% above HPI
2000 24 AUG	£154,000	£141,214	9% above HPI
1999 16 APR	£129,950	£108,164	20% above HPI

1A SECOND AVENUE 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 five 1A SECOND AVENUE sales between April 1999 and October 2017 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 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2017 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 1A SECOND AVENUE?

1A SECOND AVENUE is 117m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 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 1A SECOND AVENUE lies on this distribution: 50% of detached houses are smaller than 1A SECOND AVENUE, and 49% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1A SECOND AVENUE: Plot and Title Map

1A SECOND AVENUE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 1A SECOND AVENUE, 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 1A SECOND AVENUE). 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 1A SECOND AVENUE?

1A SECOND AVENUE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 1A on SECOND AVENUE.