2, WILLIAM STREET, RAINHAM, GILLINGHAM, ME8 8HN - £372,000

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 WILLIAM STREET is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £460,337. It was last sold for £372,000 in May 2018, which was around 15% below the average May 2018 detached price in the Medway local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

2 WILLIAM STREET Sold Prices

Land registry data shows four sales for 2 WILLIAM STREET since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 2 WILLIAM STREET 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
2018 4 MAY	£372,000	£435,302	15% below HPI
2013 18 JAN	£249,000	£269,321	8% below HPI
2011 3 OCT	£248,000	£263,341	6% below HPI
2002 17 JUN	£165,000	£188,463	12% below HPI

2 WILLIAM STREET 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 four 2 WILLIAM STREET sales between June 2002 and May 2018 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 January 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 WILLIAM STREET be worth now?

2 WILLIAM STREET might now be worth an estimated £460,337.

This is based on house price inflation of 23.7%, between May 2018 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 23.7% inflationary increase is applied to the most recent sale price for 2 WILLIAM STREET of £372,000 on 4th May 2018. For the value to have increased from £372,000 to £460,337 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 2 WILLIAM STREET has moved in line with the HPI for detached houses in the Medway local authority area.
• The May 2018 sale price of £372,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WILLIAM STREET has not materially changed since May 2018.

How Large is 2 WILLIAM STREET?

2 WILLIAM STREET is 78m² according to the EPC inspection conducted in June 2017. 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 WILLIAM STREET lies on this distribution: 12% of detached houses houses are smaller than 2 WILLIAM STREET, and 88% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 WILLIAM STREET: Plot and Title Map

2 WILLIAM STREET sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 2 WILLIAM STREET, 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 WILLIAM STREET). 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 WILLIAM STREET?

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