62, ACADEMY DRIVE, GILLINGHAM, ME7 3EJ - £305,000

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.

62 ACADEMY DRIVE is a midsized detached house of 123m², built sometime between 1991 and 1995, which could now be worth an estimated £557,413. It was last sold for £305,000 in April 2014, which was around 3% above the average April 2014 detached price in the Medway local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

62 ACADEMY DRIVE Sold Prices

Land registry data shows three sales for 62 ACADEMY DRIVE 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 62 ACADEMY DRIVE 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
2014 30 APR	£305,000	£294,745	3% above HPI
2005 10 OCT	£278,000	£253,833	10% above HPI
1995 22 DEC	£100,000	£83,290	20% above HPI

62 ACADEMY DRIVE 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 62 ACADEMY DRIVE sales between December 1995 and April 2014 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 2005 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2014 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 62 ACADEMY DRIVE be worth now?

62 ACADEMY DRIVE might now be worth an estimated £557,413.

This is based on house price inflation of 82.8%, between April 2014 and February 2025, for detached 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 82.8% inflationary increase is applied to the most recent sale price for 62 ACADEMY DRIVE of £305,000 on 30th April 2014. For the value to have increased from £305,000 to £557,413 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 62 ACADEMY DRIVE has moved in line with the HPI for detached houses in the Medway local authority area.
• The April 2014 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 62 ACADEMY DRIVE has not materially changed since April 2014.

How Large is 62 ACADEMY DRIVE?

62 ACADEMY DRIVE is 123m² according to the EPC inspection conducted in March 2012. This puts it in the largest 50% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 62 ACADEMY DRIVE lies on this distribution: 57% of detached houses houses are smaller than 62 ACADEMY DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

62 ACADEMY DRIVE: Plot and Title Map

62 ACADEMY DRIVE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 62 ACADEMY DRIVE, 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 62 ACADEMY DRIVE). 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 62 ACADEMY DRIVE?

62 ACADEMY DRIVE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 62 on ACADEMY DRIVE.