46, WAKELEY ROAD, RAINHAM, GILLINGHAM, ME8 8EP - £245,000

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.

46 WAKELEY ROAD is a very small extended terraced house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £303,722. It was last sold for £245,000 in November 2017, which was around 13% above the average November 2017 terraced price in the Medway local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

46 WAKELEY ROAD Sold Prices

Land registry data shows three sales for 46 WAKELEY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. The three 46 WAKELEY ROAD sales were a mix of above the average price, and roughly equal to 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 24 NOV	£245,000	£217,748	13% above HPI
2007 25 MAY	£147,500	£147,548	Close to HPI
2002 17 MAY	£96,995	£83,639	16% above HPI

46 WAKELEY ROAD 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 three 46 WAKELEY ROAD sales between May 2002 and November 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 May 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2017 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 46 WAKELEY ROAD be worth now?

46 WAKELEY ROAD might now be worth an estimated £303,722.

This is based on house price inflation of 24%, between November 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 24% inflationary increase is applied to the most recent sale price for 46 WAKELEY ROAD of £245,000 on 24th November 2017. For the value to have increased from £245,000 to £303,722 over the nine years and six months to May 2026, the following assumptions must hold true:

• The value of 46 WAKELEY ROAD has moved in line with the HPI for terraced houses in the Medway local authority area.
• The November 2017 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 46 WAKELEY ROAD has not materially changed since November 2017.

How Large is 46 WAKELEY ROAD?

46 WAKELEY ROAD is 88m², which includes one extension, 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 46 WAKELEY ROAD lies on this distribution: 19% of terraced houses houses are smaller than 46 WAKELEY ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

46 WAKELEY ROAD: Plot and Title Map

46 WAKELEY ROAD sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 46 WAKELEY 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 46 WAKELEY 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 46 WAKELEY ROAD?

46 WAKELEY ROAD is located in RAINHAM, in the ME8 postcode district. The below map shows the position of No. 46 on WAKELEY ROAD.