4, HANOVER LANE, GILLINGHAM, SP8 4TA - £225,000

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.

4 HANOVER LANE is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £272,318. It was last sold for £225,000 in April 2018, which was around 48% below the average April 2018 detached price in the Dorset local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

4 HANOVER LANE Sold Prices

Land registry data shows three sales for 4 HANOVER LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the three 4 HANOVER LANE 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
2018 13 APR	£225,000	£436,610	48% below HPI
2000 3 JUL	£106,000	£167,111	37% below HPI
1998 29 MAY	£74,000	£120,825	39% below HPI

4 HANOVER LANE 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 three 4 HANOVER LANE sales between May 1998 and April 2018 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 July 2000 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the April 2018 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 4 HANOVER LANE be worth now?

4 HANOVER LANE might now be worth an estimated £272,318.

This is based on house price inflation of 21%, between April 2018 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 21% inflationary increase is applied to the most recent sale price for 4 HANOVER LANE of £225,000 on 13th April 2018. For the value to have increased from £225,000 to £272,318 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 4 HANOVER LANE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The April 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 4 HANOVER LANE has not materially changed since April 2018.

How Large is 4 HANOVER LANE?

4 HANOVER LANE is 56m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% 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 4 HANOVER LANE lies on this distribution: 1% of detached houses houses are smaller than 4 HANOVER LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

4 HANOVER LANE: Plot and Title Map

4 HANOVER LANE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 4 HANOVER LANE, 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 4 HANOVER LANE). 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 4 HANOVER LANE?

4 HANOVER LANE is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 4 on HANOVER LANE.