2B, CAMBRIDGE ROAD, GILLINGHAM, ME8 0JE - £415,000

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.

2B CAMBRIDGE ROAD is a very small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £418,132. It was last sold for £415,000 in September 2022, which was around 22% below the average September 2022 detached price in the Medway local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

2B CAMBRIDGE ROAD Sold Prices

Land registry data shows four sales for 2B CAMBRIDGE ROAD 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 2B CAMBRIDGE 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 16 SEP	£415,000	£534,636	22% below HPI
2009 8 JUL	£197,500	£236,632	17% below HPI
2001 27 APR	£138,000	£153,762	10% below HPI
1998 24 SEP	£99,000	£108,125	8% below HPI

2B CAMBRIDGE 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 four 2B CAMBRIDGE ROAD sales between September 1998 and September 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 July 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2B CAMBRIDGE ROAD be worth now?

2B CAMBRIDGE ROAD might now be worth an estimated £418,132.

This is based on house price inflation of 0.8%, between September 2022 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 0.8% inflationary increase is applied to the most recent sale price for 2B CAMBRIDGE ROAD of £415,000 on 16th September 2022. For the value to have increased from £415,000 to £418,132 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 2B CAMBRIDGE ROAD has moved in line with the HPI for detached houses in the Medway local authority area.
• The September 2022 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 2B CAMBRIDGE ROAD has not materially changed since September 2022.

How Large is 2B CAMBRIDGE ROAD?

2B CAMBRIDGE ROAD is 84m² according to the EPC inspection conducted in April 2022. 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 2B CAMBRIDGE ROAD lies on this distribution: 16% of detached houses houses are smaller than 2B CAMBRIDGE ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2B CAMBRIDGE ROAD: Plot and Title Map

2B CAMBRIDGE ROAD sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 2B CAMBRIDGE 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 2B CAMBRIDGE 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 2B CAMBRIDGE ROAD?

2B CAMBRIDGE ROAD is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 2B on CAMBRIDGE ROAD.