3, THE OAKS, GILLINGHAM, SP8 4SW - £315,000

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

3 THE OAKS is a midsized detached house of 110m², built sometime between 1983 and 1990. It was last sold for £315,000 in February 2016, which was around 18% below the average February 2016 detached price in the Dorset local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

3 THE OAKS Sold Prices

Land registry data shows two sales for 3 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. One of the two 3 THE OAKS 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
2016 12 FEB	£315,000	£383,031	18% below HPI
1995 3 NOV	£95,000	£93,637	1% above HPI

3 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 3 THE OAKS sales from November 1995 and February 2016 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 November 1995 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2016 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 THE OAKS?

3 THE OAKS is 110m² according to the EPC inspection conducted in August 2015. This puts it in the largest 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 3 THE OAKS lies on this distribution: 51% of detached houses are smaller than 3 THE OAKS, and 48% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

3 THE OAKS: Plot and Title Map

3 THE OAKS sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 3 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 3 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 3 THE OAKS?

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