114, SECOND AVENUE, GILLINGHAM, ME7 2HS - £215,000

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.

114 SECOND AVENUE is a very small terraced house of 84m², built sometime between 1900 and 1929, which could now be worth an estimated £275,709. It was last sold for £215,000 in April 2017, which was around 2% above the average April 2017 terraced price in the Medway local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

114 SECOND AVENUE Sold Prices

Land registry data shows two sales for 114 SECOND AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Both of the two 114 SECOND 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
2017 10 APR	£215,000	£210,500	2% above HPI
2004 25 AUG	£152,500	£128,950	18% above HPI

114 SECOND AVENUE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The two 114 SECOND AVENUE sales from August 2004 and April 2017 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 2004 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2017 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 114 SECOND AVENUE be worth now?

114 SECOND AVENUE might now be worth an estimated £275,709.

This is based on house price inflation of 28.2%, between April 2017 and May 2026, for terraced 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 28.2% inflationary increase is applied to the most recent sale price for 114 SECOND AVENUE of £215,000 on 10th April 2017. For the value to have increased from £215,000 to £275,709 over the eight years and eleven months to May 2026, the following assumptions must hold true:

• The value of 114 SECOND AVENUE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The April 2017 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 114 SECOND AVENUE has not materially changed since April 2017.

How Large is 114 SECOND AVENUE?

114 SECOND AVENUE is 84m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of terraced houses houses in Gillingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gillingham, and where 114 SECOND AVENUE lies on this distribution: 15% of terraced houses houses are smaller than 114 SECOND AVENUE, and 84% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

114 SECOND AVENUE: Plot and Title Map

114 SECOND AVENUE sits on a plot of roughly 0.036 of an acre, or 145m². The below map shows the location of 114 SECOND 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 114 SECOND 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 114 SECOND AVENUE?

114 SECOND AVENUE is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 114 on SECOND AVENUE.