2, MEDWAY ROAD, GILLINGHAM, ME7 1NH - £290,000

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

2 MEDWAY ROAD is a midsized extended detached house of 109m², built sometime between 1930 and 1949. It was last sold for £290,000 in October 2017, which was around 31% below the average October 2017 detached price in the Medway local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

2 MEDWAY ROAD Sold Prices

Land registry data shows three sales for 2 MEDWAY 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 2 MEDWAY 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
2017 18 OCT	£290,000	£423,218	31% below HPI
2010 2 JUL	£217,500	£256,413	15% below HPI
1999 20 SEP	£80,000	£116,106	31% below HPI

2 MEDWAY 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 2 MEDWAY ROAD sales between September 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 2010 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2017 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 MEDWAY ROAD?

2 MEDWAY ROAD is 109m², which includes two extensions, according to the EPC inspection conducted in January 2023. 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 2 MEDWAY ROAD lies on this distribution: 41% of detached houses are smaller than 2 MEDWAY ROAD, and 58% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 MEDWAY ROAD: Plot and Title Map

2 MEDWAY ROAD sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of 2 MEDWAY 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 2 MEDWAY 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 2 MEDWAY ROAD?

2 MEDWAY ROAD is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 2 on MEDWAY ROAD.