40, Medway Road
40, Medway Road
Description & Estimates
40, Medway Road, Gillingham is described in the public record as a mid-century apartment with 721 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 40, Medway Road, Gillingham is £213,731 and its rental estimate is £1,055 per month, given the available information and assuming reasonable condition.
Medway Road, Gillingham, ME7 falls within the ME7 postal district.
Our Data Sources
40, Medway Road, Gillingham has no records in the the Land Registry and a single entry in the EPC database dated August 2019.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 40, Medway Road, Gillingham, we estimate a market value of £224,418 and a rental value of £1,107 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £198,770 and £981 per month respectively.
Recent Market Change
Over the last year, 40, Medway Road, Gillingham has seen its estimated sale value drop by £674 (0.3%) and its estimated rental value rise by £23 per month (2.2%). This results in an estimated gross rental yield of 5.9%.
Energy Efficiency
40, Medway Road, Gillingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Aug 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Medway Road, Gillingham have sold within a radius of 460 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th August 2024, was 20, Princess Mary Avenue, Chatham, ME4 4UT, a leasehold flat which sold for £204,000.
Read more about house prices in ME7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 75 addresses on Medway Road, Gillingham, ME7, 40, Medway Road, Gillingham comes out as the 24th largest and the 24th most expensive in our analysis of the public data.
It is also £77k less expensive than the average property across the ME7 district.
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Schools Nearby
- 300mBurnt Oak Primary School
- 600mOasis Academy Skinner Street
- 900mSt Mary's Catholic Primary School
- 400mWaterfront UTC
- 1.4kmBrompton Academy
- 2.1kmThe Robert Napier School
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Public Transport Nearby
From 40, Medway Road, Gillingham, the nearest station is Gillingham (Kent), 900 metres away.
- 900mGillingham (Kent)
- 2.4kmChatham
- 2.7kmRochester
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
