28, THRALE WAY, GILLINGHAM, ME8 9LX - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 THRALE WAY is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £425,000 in June 2023, which was around 16% below the average June 2023 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.

28 THRALE WAY Sold Prices

Land registry data shows three sales for 28 THRALE WAY 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 28 THRALE WAY 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
2023 28 JUN	£425,000	£508,660	16% below HPI
2002 10 MAY	£156,000	£178,532	13% below HPI
1997 24 MAR	£79,000	£89,198	11% below HPI

28 THRALE WAY 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 28 THRALE WAY sales between March 1997 and June 2023 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 May 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 28 THRALE WAY?

28 THRALE WAY is 86m² according to the EPC inspection conducted in January 2023. 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 28 THRALE WAY lies on this distribution: 17% of detached houses are smaller than 28 THRALE WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

28 THRALE WAY: Plot and Title Map

28 THRALE WAY sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 28 THRALE 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 28 THRALE 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 28 THRALE WAY?

28 THRALE WAY is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 28 on THRALE WAY.