4, BALMORAL ROAD, GILLINGHAM, ME7 4PG - £280,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

4 BALMORAL ROAD is a small detached house of 106m², built sometime between 1983 and 1990. It was last sold for £280,000 in January 2022, which was around 43% below the average January 2022 detached price in the Medway local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

4 BALMORAL ROAD Sold Prices

Land registry data shows two sales for 4 BALMORAL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 4 BALMORAL 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 13 JAN	£280,000	£490,431	43% below HPI
2021 18 NOV	£195,000	£478,575	59% below HPI

4 BALMORAL 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 two 4 BALMORAL ROAD sales from November 2021 and January 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 November 2021 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the January 2022 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 4 BALMORAL ROAD?

4 BALMORAL ROAD is 106m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 4 BALMORAL ROAD lies on this distribution: 38% of detached houses are smaller than 4 BALMORAL ROAD, and 61% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 BALMORAL ROAD: Plot and Title Map

4 BALMORAL ROAD sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 4 BALMORAL 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 4 BALMORAL 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 4 BALMORAL ROAD?

4 BALMORAL ROAD is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 4 on BALMORAL ROAD.