1, WESSEX WAY, GILLINGHAM, SP8 4LX - £249,950

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 WESSEX WAY is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £249,950 in September 2017, which was around 41% below the average September 2017 detached price in the Dorset local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

1 WESSEX WAY Sold Prices

Land registry data shows two sales for 1 WESSEX WAY 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 WESSEX WAY 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
2017 12 SEP	£249,950	£422,819	41% below HPI
2015 13 JAN	£198,000	£356,019	44% below HPI

1 WESSEX WAY 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 WESSEX WAY sales from January 2015 and September 2017 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 January 2015 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2017 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 1 WESSEX WAY?

1 WESSEX WAY is 67m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% 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 WESSEX WAY lies on this distribution: 7% of detached houses are smaller than 1 WESSEX WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

1 WESSEX WAY: Plot and Title Map

1 WESSEX WAY sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 1 WESSEX WAY, 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 WESSEX WAY). 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 WESSEX WAY?

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