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

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

2 DREWERY DRIVE is a very small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £370,000 in December 2020, which was around 17% 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	£445,047	17% below HPI
2019 18 APR	£240,000	£429,064	44% below HPI
2009 24 JUN	£187,750	£226,199	17% 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 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 2 DREWERY DRIVE lies on this distribution: 13% of detached 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.