40, SECOND AVENUE, GILLINGHAM, ME7 2HT - £615,000

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

40 SECOND AVENUE is a very large extended detached house of 169m², built sometime between 1950 and 1966. It was last sold for £615,000 in June 2022, which was around 22% above the average June 2022 detached price in the Medway local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

40 SECOND AVENUE Sold Prices

Land registry data shows two sales for 40 SECOND AVENUE 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 40 SECOND AVENUE sales were for above 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 7 JUN	£615,000	£503,884	22% above HPI
1999 29 JUL	£137,000	£110,969	23% above HPI

40 SECOND AVENUE 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 40 SECOND AVENUE sales from July 1999 and June 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 1999 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the June 2022 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 40 SECOND AVENUE?

40 SECOND AVENUE is 169m², which includes three extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 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 40 SECOND AVENUE lies on this distribution: 84% of detached houses are smaller than 40 SECOND AVENUE, and 16% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

40 SECOND AVENUE: Plot and Title Map

40 SECOND AVENUE sits on a plot of roughly 0.221 of an acre, or 895m². The below map shows the location of 40 SECOND AVENUE, 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 SECOND AVENUE). 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 SECOND AVENUE?

40 SECOND AVENUE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 40 on SECOND AVENUE.