8, MEDWAY ROAD, GILLINGHAM, ME7 1NH - £400,000

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

8 MEDWAY ROAD is a very large extended detached house of 236m². It was last sold for £400,000 in May 2010, which was around 55% above the average May 2010 detached price in the Medway local authority area. The most recent EPC inspection was October 2009, where the current energy rating was E, and the potential energy rating was E.

8 MEDWAY ROAD Sold Prices

Land registry data shows three sales for 8 MEDWAY 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. Two of the three 8 MEDWAY ROAD sales were for above the average price, whilst one was 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
2010 26 MAY	£400,000	£258,319	55% above HPI
2002 19 JUL	£285,000	£188,456	51% above HPI
1997 27 JUN	£90,000	£91,634	2% below HPI

8 MEDWAY 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 8 MEDWAY ROAD sales between June 1997 and May 2010 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 July 2002 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the May 2010 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is 8 MEDWAY ROAD?

8 MEDWAY ROAD is 236m², which includes one extension, according to the EPC inspection conducted in October 2009. This puts it in the largest 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 8 MEDWAY ROAD lies on this distribution: 96% of detached houses are smaller than 8 MEDWAY ROAD, and 4% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

8 MEDWAY ROAD: Plot and Title Map

8 MEDWAY ROAD sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of 8 MEDWAY 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 8 MEDWAY 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 8 MEDWAY ROAD?

8 MEDWAY ROAD is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 8 on MEDWAY ROAD.