32, PALACE ROAD, GILLINGHAM, SP8 4PQ - £350,000

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

32 PALACE ROAD is a midsized detached house of 116m², built sometime between 2003 and 2006. It was last sold for £350,000 in November 2022, which was around 35% below the average November 2022 detached price in the Dorset local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

32 PALACE ROAD Sold Prices

Land registry data shows two sales for 32 PALACE 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. Both of the two 32 PALACE ROAD 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 23 NOV	£350,000	£535,179	35% below HPI
2003 27 FEB	£199,995	£239,773	17% below HPI

32 PALACE 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 32 PALACE ROAD sales from February 2003 and November 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 February 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 32 PALACE ROAD?

32 PALACE ROAD is 116m² according to the EPC inspection conducted in July 2022. 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 32 PALACE ROAD lies on this distribution: 59% of detached houses are smaller than 32 PALACE ROAD, and 41% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

32 PALACE ROAD: Plot and Title Map

32 PALACE ROAD sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 32 PALACE 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 32 PALACE 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 32 PALACE ROAD?

32 PALACE ROAD is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 32 on PALACE ROAD.