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According to the public record, Upper Flat, 48, Balmoral Road, Gillingham is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 679 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Upper Flat, 48, Balmoral Road, Gillingham is £169,108 and the estimated rental value is £1,029 per month.
The apartment is within 48, Balmoral Road, Gillingham, ME7.
Balmoral Road, Gillingham, ME7 is located within the ME7 postal district.
Upper Flat, 48, Balmoral Road, Gillingham has a single entry in the Land Registry from November 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Upper Flat, 48, Balmoral Road, Gillingham is in very good condition we estimate a sale value of £177,563 and a rental value of £1,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £157,270 and a rental value of £957 per month.
Over the last 12 months the sale value of Upper Flat 48 Balmoral Road Gillingham has decreased by an estimated £1,750 (1.0%) and its rental value has increased by an estimated £17 per month (1.7%), giving an expected gross yield of 7.3%.
According to HM Land Registry, Upper Flat, 48, Balmoral Road, Gillingham was last sold on 30th November 2021 for £200,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since November 2021, the market for similar properties has risen 11.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Upper Flat, 48, Balmoral Road, Gillingham within a radius of 370 metres over the last 2 years.
The most recent example is Flat 9, Eade Court 60, Randolph Road, Gillingham, ME7 4PL, a leasehold flat which sold for £180,000 on the 28th May 2021.
Read more about house prices in ME7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Balmoral Road, Gillingham, ME7 has a total of 283 addresses. According to our analysis of all the public data, Upper Flat, 48, Balmoral Road, Gillingham is the 169th largest and the 178th most expensive property on the street.
When compared to the postcode district it is £121k less expensive than the average property in ME7.
The closest station to Upper Flat, 48, Balmoral Road, Gillingham is Gillingham (Kent) station which is 200 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Upper Flat, 48, Balmoral Road, Gillingham, 62.6% of property is privately rented and 18.1% is privately owned with a mortgage.
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 Upper Flat, 48, Balmoral Road, Gillingham, 29.2% of residents are recorded as possessing school level qualifications and 29.0% 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 Upper Flat, 48, Balmoral Road, Gillingham, the average age was 34.6 and the most common age was 32.
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 Upper Flat, 48, Balmoral Road, Gillingham, 0.3% 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 Upper Flat, 48, Balmoral Road, Gillingham, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.
