BUNGALOW, 1B, BYRON ROAD, GILLINGHAM, ME7 5XQ - £175,000

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

BUNGALOW is a very small detached house of 36m², built sometime between 1983 and 1990. It was last sold for £175,000 in February 2022, which was around 65% below the average February 2022 detached price in the Medway local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

BUNGALOW Sold Prices

Land registry data shows three sales for BUNGALOW 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 BUNGALOW 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
2022 23 FEB	£175,000	£493,213	65% below HPI
2000 29 FEB	£43,000	£122,428	65% below HPI
1995 20 JAN	£37,000	£85,551	57% below HPI

BUNGALOW 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 BUNGALOW sales between January 1995 and February 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 February 2000 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the February 2022 sale, which was also at 65% below the HPI.

How Large is BUNGALOW?

BUNGALOW is 36m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 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 BUNGALOW lies on this distribution: Less than 1% of detached houses are smaller than BUNGALOW, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

BUNGALOW: Plot and Title Map

BUNGALOW sits on a plot of roughly 0.019 of an acre, or 76m². The below map shows the location of BUNGALOW, 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 BUNGALOW). 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 BUNGALOW?

BUNGALOW is located on BYRON ROAD in GILLINGHAM, in the ME7 postcode district. The below map shows the position of BUNGALOW on BYRON ROAD.