74, FIRST AVENUE, GILLINGHAM, ME7 2LQ - £552,500

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.

74 FIRST AVENUE is a large extended semi-detached house of 151m², built sometime between 1900 and 1929, which could now be worth an estimated £590,579. It was last sold for £552,500 in March 2022, which was around 67% above the average March 2022 semi-detached price in the Medway local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

74 FIRST AVENUE Sold Prices

Land registry data shows three sales for 74 FIRST AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the three 74 FIRST 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 11 MAR	£552,500	£330,235	67% above HPI
2019 13 MAY	£481,000	£282,092	71% above HPI
2002 11 JAN	£150,000	£105,277	42% above HPI

74 FIRST AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The three 74 FIRST AVENUE sales between January 2002 and March 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 May 2019 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the March 2022 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 74 FIRST AVENUE be worth now?

74 FIRST AVENUE might now be worth an estimated £590,579.

This is based on house price inflation of 6.9%, between March 2022 and March 2025, for semi-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 6.9% inflationary increase is applied to the most recent sale price for 74 FIRST AVENUE of £552,500 on 11th March 2022. For the value to have increased from £552,500 to £590,579 over the three years to March 2025, the following assumptions must hold true:

• The value of 74 FIRST AVENUE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The March 2022 sale price of £552,500 represented a fair market value for the property.
• The size, condition, and specification of 74 FIRST AVENUE has not materially changed since March 2022.

How Large is 74 FIRST AVENUE?

74 FIRST AVENUE is 151m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of semi-detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gillingham, and where 74 FIRST AVENUE lies on this distribution: 77% of semi-detached houses houses are smaller than 74 FIRST AVENUE, and 23% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

74 FIRST AVENUE: Plot and Title Map

74 FIRST AVENUE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 74 FIRST 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 74 FIRST 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 74 FIRST AVENUE?

74 FIRST AVENUE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 74 on FIRST AVENUE.