5, MILSTED ROAD, GILLINGHAM, ME8 6SX - £240,000

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

5 MILSTED ROAD is a midsized extended detached house of 122m², built sometime between 1950 and 1966. It was last sold for £240,000 in February 2018, which was around 43% below the average February 2018 detached price in the Medway local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

5 MILSTED ROAD Sold Prices

Land registry data shows three sales for 5 MILSTED ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 5 MILSTED 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
2018 20 FEB	£240,000	£423,322	43% below HPI
2003 6 JUN	£138,500	£225,490	39% below HPI
1999 26 FEB	£66,000	£106,513	38% below HPI

5 MILSTED 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 three 5 MILSTED ROAD sales between February 1999 and February 2018 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 June 2003 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2018 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 5 MILSTED ROAD?

5 MILSTED ROAD is 122m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 5 MILSTED ROAD lies on this distribution: 54% of detached houses are smaller than 5 MILSTED ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 MILSTED ROAD: Plot and Title Map

5 MILSTED ROAD sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 5 MILSTED 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 5 MILSTED 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 5 MILSTED ROAD?

5 MILSTED ROAD is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 5 on MILSTED ROAD.