56, SECOND AVENUE, GILLINGHAM, ME7 2HS - £132,000

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.

56 SECOND AVENUE is a very small extended detached house of 70m², built sometime between 1930 and 1949, which could now be worth an estimated £424,483. It was last sold for £132,000 in August 2001, which was around 19% below the average August 2001 detached price in the Medway local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

56 SECOND AVENUE Sold Prices

Land registry data shows one sale for 56 SECOND AVENUE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Medway local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2001 17 AUG	£132,000	£163,543	19% below HPI

What might 56 SECOND AVENUE be worth now?

56 SECOND AVENUE might now be worth an estimated £424,483.

This is based on house price inflation of 221.6%, between August 2001 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 221.6% inflationary increase is applied to the most recent sale price for 56 SECOND AVENUE of £132,000 on 17th August 2001. For the value to have increased from £132,000 to £424,483 over the 25 years and three months to May 2026, the following assumptions must hold true:

• The value of 56 SECOND AVENUE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2001 sale price of £132,000 represented a fair market value for the property.
• The size, condition, and specification of 56 SECOND AVENUE has not materially changed since August 2001.

How Large is 56 SECOND AVENUE?

56 SECOND AVENUE is 70m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 56 SECOND AVENUE lies on this distribution: 8% of detached houses are smaller than 56 SECOND AVENUE, and 92% of detached houses are larger. Note that EPC data is not available for all properties in Gillingham.

56 SECOND AVENUE: Plot

56 SECOND AVENUE sits on a plot of roughly 0.147 of an acre, or 596m².

Where is 56 SECOND AVENUE?

56 SECOND AVENUE is located in GILLINGHAM, in the ME7 postcode district.