40, BURRSTOCK WAY, RAINHAM, GILLINGHAM, ME8 8TR - £325,000

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

40 BURRSTOCK WAY is a very small detached house of 58m², built sometime between 1991 and 1995. It was last sold for £325,000 in March 2021, which was around 27% below the average March 2021 detached price in the Medway local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

40 BURRSTOCK WAY Sold Prices

Land registry data shows five sales for 40 BURRSTOCK WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the five 40 BURRSTOCK 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
2021 22 MAR	£325,000	£444,521	27% below HPI
2005 19 SEP	£199,995	£248,945	20% below HPI
2002 29 MAY	£162,000	£178,532	9% below HPI
2001 16 MAR	£130,000	£149,405	13% below HPI
1995 24 AUG	£72,450	£83,930	14% below HPI

40 BURRSTOCK 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 five 40 BURRSTOCK WAY sales between August 1995 and March 2021 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 September 2005 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 40 BURRSTOCK WAY?

40 BURRSTOCK WAY is 58m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 40 BURRSTOCK WAY lies on this distribution: 3% of detached houses are smaller than 40 BURRSTOCK WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

40 BURRSTOCK WAY: Plot and Title Map

40 BURRSTOCK WAY sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 40 BURRSTOCK 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 40 BURRSTOCK 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 40 BURRSTOCK WAY?

40 BURRSTOCK WAY is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 40 on BURRSTOCK WAY.