1, MELSTOCK ROAD, GILLINGHAM, SP8 4FQ - £390,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

1 MELSTOCK ROAD is a large detached house of 130m², built sometime between 1996 and 2002. It was last sold for £390,000 in March 2022, which was around 23% below the average March 2022 detached price in the Dorset local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

1 MELSTOCK ROAD Sold Prices

Land registry data shows three sales for 1 MELSTOCK ROAD 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. Two of the three 1 MELSTOCK ROAD sales were for below the average price, whilst one was for above 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
2022 16 MAR	£390,000	£504,090	23% below HPI
2005 5 JUL	£250,000	£285,994	13% below HPI
2001 16 MAR	£190,000	£166,416	14% above HPI

1 MELSTOCK ROAD 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 MELSTOCK ROAD sales between March 2001 and March 2022 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 July 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1 MELSTOCK ROAD?

1 MELSTOCK ROAD is 130m² according to the EPC inspection conducted in May 2021. 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 MELSTOCK ROAD lies on this distribution: 72% of detached houses are smaller than 1 MELSTOCK ROAD, and 27% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 MELSTOCK ROAD: Plot and Title Map

1 MELSTOCK ROAD sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 1 MELSTOCK ROAD, 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 MELSTOCK ROAD). 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 MELSTOCK ROAD?

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