Flat 5, 49-51
Flat 5, 49-51
Description & Estimates
Public records show Flat 5, 49-51, Balmoral Road, Gillingham to be a modern leasehold apartment with 818 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 5, 49-51, Balmoral Road, Gillingham has an estimated sale value of £190,190 and an estimated rental value of £1,092 per month, assuming reasonable condition and based on the information available.
The apartment sits within 49-51, Balmoral Road, Gillingham, ME7.
Balmoral Road, Gillingham, ME7 lies within the ME7 postal district.
Our Data Sources
Flat 5, 49-51, Balmoral Road, Gillingham has a single entry in the Land Registry from April 2018 and a single entry in the EPC database dated August 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate Flat 5, 49-51, Balmoral Road, Gillingham would be worth £199,700, with a potential rental value of £1,146 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £176,877, with a rental value of £1,015 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 5, 49-51, Balmoral Road, Gillingham has dropped by £600 (0.3%) over the last year. During the same period, its estimated monthly rental value has risen by £24 (2.2%). The property's estimated gross yield is currently 6.9%.
Energy Efficiency
Flat 5, 49-51, Balmoral Road, Gillingham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Aug 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 5, 49-51, Balmoral Road, Gillingham last changed hands on 25th April 2018, selling for £170,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 13.3% since April 2018.
- Sold Apr 2018£170,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 360 metres of Flat 5, 49-51, Balmoral Road, Gillingham across the last 2 years.
Most recently, Flat 7, 49-51, Balmoral Road, Gillingham, ME7 4NT, a leasehold flat, sold at £290,000 on the 21st September 2020.
Read more about house prices in ME7.
- Sold Sep 2020£290,000 | 2 Bed Flat49-51, Balmoral RoadFlat 7, 49-51, Balmoral Road, Gillingham, ME7 4NT
- Sold Sep 2017£183,000 | 2 Bed Flat49-51, Balmoral RoadFlat 6, 49-51, Balmoral Road, Gillingham, ME7 4NT
- Sold Apr 2017£157,500 | 2 Bed Flat63, Balmoral RoadFlat 2, 63, Balmoral Road, Gillingham, ME7 4NT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 5, 49-51, Balmoral Road, Gillingham as the 163rd largest and the 173rd most expensive of the 285 addresses on Balmoral Road, Gillingham, ME7.
Against the ME7 postcode district average, it is £101k less expensive than the typical property.
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Schools Nearby
- 400mOasis Academy Skinner Street
- 400mSt Mary's Catholic Primary School
- 500mNapier Community Primary and Nursery Academy
- 900mBrompton Academy
- 1.2kmThe Robert Napier School
- 1.2kmWaterfront UTC
More reading links
Public Transport Nearby
Gillingham (Kent) station is the nearest stop to Flat 5, 49-51, Balmoral Road, Gillingham at 0 metres away.
- 0mGillingham (Kent)
- 2.1kmChatham
- 2.8kmRochester
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
