15, THE OAKS, GILLINGHAM, SP8 4SW - £350,000

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.

15 THE OAKS is a very large extended detached house of 141m², built sometime between 1983 and 1990, which could now be worth an estimated £415,912. It was last sold for £350,000 in August 2018, which was around 21% below the average August 2018 detached price in the Dorset local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

15 THE OAKS Sold Prices

Land registry data shows two sales for 15 THE OAKS 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 15 THE OAKS 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
2018 6 AUG	£350,000	£444,687	21% below HPI
2002 24 MAY	£128,000	£208,888	39% below HPI

15 THE OAKS 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 15 THE OAKS sales from May 2002 and August 2018 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 May 2002 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 15 THE OAKS be worth now?

15 THE OAKS might now be worth an estimated £415,912.

This is based on house price inflation of 18.8%, between August 2018 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 18.8% inflationary increase is applied to the most recent sale price for 15 THE OAKS of £350,000 on 6th August 2018. For the value to have increased from £350,000 to £415,912 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 15 THE OAKS has moved in line with the HPI for detached houses in the Dorset local authority area.
• The August 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE OAKS has not materially changed since August 2018.

How Large is 15 THE OAKS?

15 THE OAKS is 141m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% 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 15 THE OAKS lies on this distribution: 80% of detached houses houses are smaller than 15 THE OAKS, and 19% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

15 THE OAKS: Plot and Title Map

15 THE OAKS sits on a plot of roughly 0.180 of an acre, or 728m². The below map shows the location of 15 THE OAKS, 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 15 THE OAKS). 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 15 THE OAKS?

15 THE OAKS is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 15 on THE OAKS.