55, PLOUGHMANS WAY, RAINHAM, GILLINGHAM, ME8 8LH - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

55 PLOUGHMANS WAY is a very small terraced house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £411,713. It was last sold for £250,000 in May 2015, which was around 50% above the average May 2015 terraced price in the Medway local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

55 PLOUGHMANS WAY Sold Prices

Land registry data shows three sales for 55 PLOUGHMANS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. All of the three 55 PLOUGHMANS WAY 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
2015 21 MAY	£250,000	£166,602	50% above HPI
2008 15 OCT	£193,000	£135,933	42% above HPI
2001 12 APR	£111,500	£69,502	60% above HPI

55 PLOUGHMANS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The three 55 PLOUGHMANS WAY sales between April 2001 and May 2015 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 October 2008 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the May 2015 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 55 PLOUGHMANS WAY be worth now?

55 PLOUGHMANS WAY might now be worth an estimated £411,713.

This is based on house price inflation of 64.7%, between May 2015 and July 2025, for terraced houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.7% inflationary increase is applied to the most recent sale price for 55 PLOUGHMANS WAY of £250,000 on 21st May 2015. For the value to have increased from £250,000 to £411,713 over the nine years and ten months to July 2025, the following assumptions must hold true:

• The value of 55 PLOUGHMANS WAY has moved in line with the HPI for terraced houses in the Medway local authority area.
• The May 2015 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 55 PLOUGHMANS WAY has not materially changed since May 2015.

How Large is 55 PLOUGHMANS WAY?

55 PLOUGHMANS WAY is 77m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 20% of terraced houses houses in Gillingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gillingham, and where 55 PLOUGHMANS WAY lies on this distribution: 11% of terraced houses houses are smaller than 55 PLOUGHMANS WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

55 PLOUGHMANS WAY: Plot and Title Map

55 PLOUGHMANS WAY sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 55 PLOUGHMANS 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 55 PLOUGHMANS 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 55 PLOUGHMANS WAY?

55 PLOUGHMANS WAY is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 55 on PLOUGHMANS WAY.