31, SORREL WAY, GILLINGHAM, SP8 4TP - £385,000

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

31 SORREL WAY is a midsized extended detached house of 111m², built sometime between 1991 and 1995. It was last sold for £385,000 in May 2022, which was around 25% below the average May 2022 detached price in the Dorset local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

31 SORREL WAY Sold Prices

Land registry data shows six sales for 31 SORREL WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the six 31 SORREL WAY 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
2022 3 MAY	£385,000	£513,108	25% below HPI
2020 10 DEC	£345,000	£452,113	24% below HPI
2012 2 AUG	£234,000	£321,214	27% below HPI
2008 9 JAN	£250,000	£342,629	27% below HPI
2000 31 JUL	£135,000	£162,064	17% below HPI
1996 31 MAY	£78,500	£94,798	17% below HPI

31 SORREL WAY 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 six 31 SORREL WAY sales between May 1996 and May 2022 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 December 2020 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 31 SORREL WAY?

31 SORREL WAY is 111m², which includes two extensions, according to the EPC inspection conducted in September 2020. 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 31 SORREL WAY lies on this distribution: 53% of detached houses are smaller than 31 SORREL WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

31 SORREL WAY: Plot and Title Map

31 SORREL WAY sits on a plot of roughly 0.067 of an acre, or 269m². The below map shows the location of 31 SORREL WAY, 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 31 SORREL WAY). 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 31 SORREL WAY?

31 SORREL WAY is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 31 on SORREL WAY.