1, MILL RACE, GILLINGHAM, SP8 4DW - £268,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MILL RACE is a small detached house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £325,102. It was last sold for £268,500 in January 2020, which was around 38% below the average January 2020 detached price in the Dorset local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

1 MILL RACE Sold Prices

Land registry data shows two sales for 1 MILL RACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two 1 MILL RACE 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
2020 17 JAN	£268,500	£436,429	38% below HPI
2003 30 JUN	£191,000	£256,430	26% below HPI

1 MILL RACE 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 two 1 MILL RACE sales from June 2003 and January 2020 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 2003 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the January 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 1 MILL RACE be worth now?

1 MILL RACE might now be worth an estimated £325,102.

This is based on house price inflation of 21.1%, between January 2020 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.1% inflationary increase is applied to the most recent sale price for 1 MILL RACE of £268,500 on 17th January 2020. For the value to have increased from £268,500 to £325,102 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 MILL RACE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The January 2020 sale price of £268,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL RACE has not materially changed since January 2020.

How Large is 1 MILL RACE?

1 MILL RACE is 88m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 30% of detached houses houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gillingham, and where 1 MILL RACE lies on this distribution: 27% of detached houses houses are smaller than 1 MILL RACE, and 72% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 MILL RACE: Plot and Title Map

1 MILL RACE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 1 MILL RACE, 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 MILL RACE). 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 MILL RACE?

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