2, MONTGOMERY ROAD, GILLINGHAM, ME7 5XP - £210,000

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 MONTGOMERY ROAD is a very small detached house of 82m², built sometime between 1983 and 1990. It was last sold for £210,000 in January 2022, which was around 57% below the average January 2022 detached price in the Medway local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

2 MONTGOMERY ROAD Sold Prices

Land registry data shows three sales for 2 MONTGOMERY 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 MONTGOMERY 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
2022 14 JAN	£210,000	£490,431	57% below HPI
2014 19 AUG	£136,000	£306,836	56% below HPI
2000 10 FEB	£28,000	£122,428	77% below HPI

2 MONTGOMERY 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 MONTGOMERY ROAD sales between February 2000 and January 2022 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 August 2014 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the January 2022 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 2 MONTGOMERY ROAD?

2 MONTGOMERY ROAD is 82m² according to the EPC inspection conducted in July 2014. 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 MONTGOMERY ROAD lies on this distribution: 15% of detached houses are smaller than 2 MONTGOMERY ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 MONTGOMERY ROAD: Plot and Title Map

2 MONTGOMERY ROAD sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of 2 MONTGOMERY 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 MONTGOMERY 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 MONTGOMERY ROAD?

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