2, OCTAVE TERRACE, GILLINGHAM, SP8 4DT - £144,000

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.

2 OCTAVE TERRACE is a midsized extended detached house of 108m², built sometime between 1900 and 1929, which could now be worth an estimated £216,719. It was last sold for £144,000 in November 2007, which was around 59% below the average November 2007 detached price in the Dorset local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

2 OCTAVE TERRACE Sold Prices

Land registry data shows two sales for 2 OCTAVE TERRACE 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 2 OCTAVE TERRACE 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
2007 26 NOV	£144,000	£351,119	59% below HPI
2001 4 MAY	£78,000	£176,004	56% below HPI

2 OCTAVE TERRACE 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 2 OCTAVE TERRACE sales from May 2001 and November 2007 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 2001 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the November 2007 sale, where it falls to 59% below the HPI. The line then continues to track at 59% below the HPI.

What might 2 OCTAVE TERRACE be worth now?

2 OCTAVE TERRACE might now be worth an estimated £216,719.

This is based on house price inflation of 50.5%, between November 2007 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 50.5% inflationary increase is applied to the most recent sale price for 2 OCTAVE TERRACE of £144,000 on 26th November 2007. For the value to have increased from £144,000 to £216,719 over the eighteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 OCTAVE TERRACE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The November 2007 sale price of £144,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OCTAVE TERRACE has not materially changed since November 2007.

How Large is 2 OCTAVE TERRACE?

2 OCTAVE TERRACE is 108m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 50% 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 2 OCTAVE TERRACE lies on this distribution: 48% of detached houses houses are smaller than 2 OCTAVE TERRACE, and 51% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

2 OCTAVE TERRACE: Plot and Title Map

2 OCTAVE TERRACE sits on a plot of roughly 0.024 of an acre, or 96m². The below map shows the location of 2 OCTAVE TERRACE, 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 2 OCTAVE TERRACE). 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 2 OCTAVE TERRACE?

2 OCTAVE TERRACE is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 2 on OCTAVE TERRACE.