1, GREENBANKS, GILLINGHAM, SP8 4RD - £390,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 GREENBANKS is a large extended detached house of 138m², built sometime between 1950 and 1966. It was last sold for £390,000 in May 2023, which was around 25% below the average May 2023 detached price in the Dorset local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

1 GREENBANKS Sold Prices

Land registry data shows three sales for 1 GREENBANKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the three 1 GREENBANKS sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 22 MAY	£390,000	£520,191	25% below HPI
2019 12 JUN	£332,500	£415,591	20% below HPI
2006 17 MAY	£190,000	£295,601	36% below HPI

1 GREENBANKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three 1 GREENBANKS sales between May 2006 and May 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 GREENBANKS?

1 GREENBANKS is 138m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 1 GREENBANKS lies on this distribution: 78% of detached houses are smaller than 1 GREENBANKS, and 21% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 GREENBANKS: Plot and Title Map

1 GREENBANKS sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 1 GREENBANKS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GREENBANKS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GREENBANKS?

1 GREENBANKS is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 1 on GREENBANKS.