45A, JUNCTION ROAD, GILLINGHAM, ME7 4EG - £295,000

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

45A JUNCTION ROAD is a very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £295,000 in June 2021, which was around 35% below the average June 2021 detached price in the Medway local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

45A JUNCTION ROAD Sold Prices

Land registry data shows two sales for 45A JUNCTION 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 45A JUNCTION 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
2021 7 JUN	£295,000	£450,499	35% below HPI
2017 10 AUG	£200,000	£421,464	53% below HPI

45A JUNCTION 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 45A JUNCTION ROAD sales from August 2017 and June 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 August 2017 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the June 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 45A JUNCTION ROAD?

45A JUNCTION ROAD is 62m² according to the EPC inspection conducted in February 2015. 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 45A JUNCTION ROAD lies on this distribution: 4% of detached houses are smaller than 45A JUNCTION ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

45A JUNCTION ROAD: Plot and Title Map

45A JUNCTION ROAD sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 45A JUNCTION 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 45A JUNCTION 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 45A JUNCTION ROAD?

45A JUNCTION ROAD is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 45A on JUNCTION ROAD.