2, DREWERY DRIVE, RAINHAM, GILLINGHAM, ME8 0NX - £370,000

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.

2 DREWERY DRIVE is a very small detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £436,060. It was last sold for £370,000 in December 2020, which was around 19% below the average December 2020 detached price in the Medway local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

2 DREWERY DRIVE Sold Prices

Land registry data shows three sales for 2 DREWERY DRIVE 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 2 DREWERY DRIVE 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 11 DEC	£370,000	£457,066	19% below HPI
2019 18 APR	£240,000	£440,651	46% below HPI
2009 24 JUN	£187,750	£232,308	19% below HPI

2 DREWERY DRIVE 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 2 DREWERY DRIVE sales between June 2009 and December 2020 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 2019 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the December 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 DREWERY DRIVE be worth now?

2 DREWERY DRIVE might now be worth an estimated £436,060.

This is based on house price inflation of 17.9%, between December 2020 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 17.9% inflationary increase is applied to the most recent sale price for 2 DREWERY DRIVE of £370,000 on 11th December 2020. For the value to have increased from £370,000 to £436,060 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 DREWERY DRIVE has moved in line with the HPI for detached houses in the Medway local authority area.
• The December 2020 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DREWERY DRIVE has not materially changed since December 2020.

How Large is 2 DREWERY DRIVE?

2 DREWERY DRIVE is 80m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% 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 2 DREWERY DRIVE lies on this distribution: 13% of detached houses houses are smaller than 2 DREWERY DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 DREWERY DRIVE: Plot and Title Map

2 DREWERY DRIVE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 2 DREWERY DRIVE, 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 2 DREWERY DRIVE). 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 2 DREWERY DRIVE?

2 DREWERY DRIVE is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 2 on DREWERY DRIVE.