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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 OCTAVE TERRACE is a midsized extended detached house of 108m², built sometime between 1900 and 1929. It was last sold for £144,000 in November 2007, which was around 58% 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	£340,514	58% below HPI
2001 4 MAY	£78,000	£170,688	54% 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 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the November 2007 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

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 in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 2 OCTAVE TERRACE lies on this distribution: 48% of detached 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.