12, FANE WAY, GILLINGHAM, ME8 9TD - £375,250

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.

12 FANE WAY is a midsized extended terraced house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £407,062. It was last sold for £375,250 in November 2021, which was around 51% above the average November 2021 terraced price in the Medway local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

12 FANE WAY Sold Prices

Land registry data shows two sales for 12 FANE WAY 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 12 FANE WAY 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
2021 30 NOV	£375,250	£248,914	51% above HPI
2003 8 OCT	£135,000	£112,262	20% above HPI

12 FANE WAY 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 12 FANE WAY sales from October 2003 and November 2021 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 October 2003 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the November 2021 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 12 FANE WAY be worth now?

12 FANE WAY might now be worth an estimated £407,062.

This is based on house price inflation of 8.5%, between November 2021 and June 2025, 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 8.5% inflationary increase is applied to the most recent sale price for 12 FANE WAY of £375,250 on 30th November 2021. For the value to have increased from £375,250 to £407,062 over the four years and five months to June 2025, the following assumptions must hold true:

• The value of 12 FANE WAY has moved in line with the HPI for terraced houses in the Medway local authority area.
• The November 2021 sale price of £375,250 represented a fair market value for the property.
• The size, condition, and specification of 12 FANE WAY has not materially changed since November 2021.

How Large is 12 FANE WAY?

12 FANE WAY is 123m², which includes three extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 50% 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 12 FANE WAY lies on this distribution: 56% of terraced houses houses are smaller than 12 FANE WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

12 FANE WAY: Plot and Title Map

12 FANE WAY sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 12 FANE WAY, 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 12 FANE WAY). 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 12 FANE WAY?

12 FANE WAY is located in GILLINGHAM, in the ME8 postcode district. The below map shows the position of No. 12 on FANE WAY.