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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
42, Nares Road, Gillingham is recorded publicly as a mid-century freehold house across 721 ft2 of internal area, sitting on a 106 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 42, Nares Road, Gillingham is £280,367 and its rental estimate is £1,386 per month, given the available information and assuming reasonable condition.
Nares Road, Gillingham, ME8 falls within the ME8 postal district.
42, Nares Road, Gillingham has 31 entries in the Land Registry , most recently in July 2020 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 42, Nares Road, Gillingham, we estimate a market value of £294,385 and a rental value of £1,455 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £260,741 and £1,289 per month respectively.
Over the last year, 42, Nares Road, Gillingham has seen its estimated sale value decline by £473 (0.2%) and its estimated rental value climb by £29 per month (2.1%). This results in an estimated gross rental yield of 5.9%.
HM Land Registry records the plot of land for 42, Nares Road, Gillingham as measuring 106 m2.
That makes it the 19th largest plot in the postcode, where all 20 other houses have recorded plot data.
42, Nares Road, Gillingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 42, Nares Road, Gillingham completed on 17th July 2020 at £217,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 34.4% over the period since July 2020.
Over the past 2 years 3 properties similar to 42, Nares Road, Gillingham have sold within a radius of 480 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th March 2024, was 74, Collet Walk, Gillingham, ME8 9SA, a freehold house which sold for £211,500.
Read more about house prices in ME8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 61 addresses on Nares Road, Gillingham, ME8, 42, Nares Road, Gillingham comes out as the 40th largest and the 34th most expensive in our analysis of the public data.
It is also £74k less expensive than the average property across the ME8 district.
From 42, Nares Road, Gillingham, the nearest station is Rainham (Kent), 2.7 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 42, Nares Road, Gillingham, 45.7% of property is privately owned with a mortgage and 29.3% is privately owned outright.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 42, Nares Road, Gillingham, 21.4% of residents are recorded as possessing school level qualifications and 19.6% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 42, Nares Road, Gillingham, the average age was 42.6 and the most common age was 72.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 42, Nares Road, Gillingham, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 42, Nares Road, Gillingham, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.
