45A, JUNCTION ROAD, GILLINGHAM, ME7 4EG - £295,000

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.

45A JUNCTION ROAD is a very small detached house of 62m², built sometime between 1950 and 1966, which could now be worth an estimated £335,331. It was last sold for £295,000 in June 2021, which was around 36% below the average June 2021 detached price in the Medway local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

45A JUNCTION ROAD Sold Prices

Land registry data shows two sales for 45A JUNCTION ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 45A JUNCTION ROAD 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
2021 7 JUN	£295,000	£462,665	36% below HPI
2017 10 AUG	£200,000	£432,846	54% below HPI

45A JUNCTION 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 two 45A JUNCTION ROAD sales from August 2017 and June 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 August 2017 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the June 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 45A JUNCTION ROAD be worth now?

45A JUNCTION ROAD might now be worth an estimated £335,331.

This is based on house price inflation of 13.7%, between June 2021 and May 2026, for detached 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 13.7% inflationary increase is applied to the most recent sale price for 45A JUNCTION ROAD of £295,000 on 7th June 2021. For the value to have increased from £295,000 to £335,331 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 45A JUNCTION ROAD has moved in line with the HPI for detached houses in the Medway local authority area.
• The June 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 45A JUNCTION ROAD has not materially changed since June 2021.

How Large is 45A JUNCTION ROAD?

45A JUNCTION ROAD is 62m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 45A JUNCTION ROAD lies on this distribution: 4% of detached houses houses are smaller than 45A JUNCTION ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

45A JUNCTION ROAD: Plot and Title Map

45A JUNCTION ROAD sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 45A JUNCTION 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 45A JUNCTION 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 45A JUNCTION ROAD?

45A JUNCTION ROAD is located in GILLINGHAM, in the ME7 postcode district. The below map shows the position of No. 45A on JUNCTION ROAD.