24, GEORGIAN WAY, GILLINGHAM, ME8 0QY - £185,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 GEORGIAN WAY is a very small extended semi-detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £473,937. It was last sold for £185,000 in March 2003, which was around 36% above the average March 2003 semi-detached price in the Medway local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

24 GEORGIAN WAY Sold Prices

Land registry data shows three sales for 24 GEORGIAN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the three 24 GEORGIAN WAY sales were for above 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
2003 21 MAR	£185,000	£136,020	36% above HPI
2000 17 MAR	£105,000	£77,114	36% above HPI
1996 22 AUG	£75,000	£53,984	39% above HPI

24 GEORGIAN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The three 24 GEORGIAN WAY sales between August 1996 and March 2003 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 March 2000 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the March 2003 sale, which was also at 36% above the HPI.

What might 24 GEORGIAN WAY be worth now?

24 GEORGIAN WAY might now be worth an estimated £473,937.

This is based on house price inflation of 156.2%, between March 2003 and December 2024, for semi-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 156.2% inflationary increase is applied to the most recent sale price for 24 GEORGIAN WAY of £185,000 on 21st March 2003. For the value to have increased from £185,000 to £473,937 over the twenty years and three months to December 2024, the following assumptions must hold true:

• The value of 24 GEORGIAN WAY has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The March 2003 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GEORGIAN WAY has not materially changed since March 2003.

How Large is 24 GEORGIAN WAY?

24 GEORGIAN WAY is 88m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of semi-detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gillingham, and where 24 GEORGIAN WAY lies on this distribution: 19% of semi-detached houses houses are smaller than 24 GEORGIAN WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

24 GEORGIAN WAY: Plot and Title Map

24 GEORGIAN WAY sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 24 GEORGIAN WAY, 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 24 GEORGIAN WAY). 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 24 GEORGIAN WAY?

24 GEORGIAN WAY is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 24 on GEORGIAN WAY.