3, MELSTOCK ROAD, GILLINGHAM, SP8 4FQ - £378,000

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.

3 MELSTOCK ROAD is a very large extended detached house of 141m², built sometime between 1996 and 2002, which could now be worth an estimated £434,369. It was last sold for £378,000 in March 2021, which was around 18% below the average March 2021 detached price in the Dorset local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

3 MELSTOCK ROAD Sold Prices

Land registry data shows two sales for 3 MELSTOCK ROAD 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. One of the two 3 MELSTOCK ROAD sales was for below the average price, whilst the other was for above 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
2021 24 MAR	£378,000	£459,855	18% below HPI
2001 28 FEB	£185,000	£172,888	7% above HPI

3 MELSTOCK ROAD 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 3 MELSTOCK ROAD sales from February 2001 and March 2021 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 February 2001 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 3 MELSTOCK ROAD be worth now?

3 MELSTOCK ROAD might now be worth an estimated £434,369.

This is based on house price inflation of 14.9%, between March 2021 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 14.9% inflationary increase is applied to the most recent sale price for 3 MELSTOCK ROAD of £378,000 on 24th March 2021. For the value to have increased from £378,000 to £434,369 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 3 MELSTOCK ROAD has moved in line with the HPI for detached houses in the Dorset local authority area.
• The March 2021 sale price of £378,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MELSTOCK ROAD has not materially changed since March 2021.

How Large is 3 MELSTOCK ROAD?

3 MELSTOCK ROAD is 141m², which includes one extension, according to the EPC inspection conducted in October 2020. 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 3 MELSTOCK ROAD lies on this distribution: 81% of detached houses houses are smaller than 3 MELSTOCK ROAD, and 19% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

3 MELSTOCK ROAD: Plot and Title Map

3 MELSTOCK ROAD sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 3 MELSTOCK ROAD, 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 3 MELSTOCK ROAD). 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 3 MELSTOCK ROAD?

3 MELSTOCK ROAD is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 3 on MELSTOCK ROAD.