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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2B CAMBRIDGE ROAD is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £415,000 in September 2022, which was around 20% 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	£520,577	20% below HPI
2009 8 JUL	£197,500	£230,409	14% below HPI
2001 27 APR	£138,000	£149,719	8% below HPI
1998 24 SEP	£99,000	£105,282	6% 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

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 in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 2B CAMBRIDGE ROAD lies on this distribution: 16% of detached 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.