THE VILLA, MILL ROAD, GILLINGHAM, ME7 1JB - £420,000

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

THE VILLA is a midsized detached house of 123m², built sometime between 1900 and 1929. It was last sold for £420,000 in November 2022, which was around 20% below the average November 2022 detached price in the Medway local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

THE VILLA Sold Prices

Land registry data shows three sales for THE VILLA 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 THE VILLA sales were for below the average price, whilst one was 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 21 NOV	£420,000	£527,086	20% below HPI
2000 29 AUG	£149,995	£141,214	6% above HPI
1996 22 OCT	£67,500	£87,604	23% below HPI

THE VILLA 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 THE VILLA sales between October 1996 and November 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 August 2000 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is THE VILLA?

THE VILLA is 123m² according to the EPC inspection conducted in July 2022. This puts it in the largest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where THE VILLA lies on this distribution: 55% of detached houses are smaller than THE VILLA, and 43% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

THE VILLA: Plot and Title Map

THE VILLA sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of THE VILLA, 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 THE VILLA). 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 THE VILLA?

THE VILLA is located on MILL ROAD in GILLINGHAM, in the ME7 postcode district. The below map shows the position of THE VILLA on MILL ROAD.