5, MILESTONE WAY, GILLINGHAM, SP8 4TB - £427,500

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

5 MILESTONE WAY is a very large extended detached house of 186m², built sometime between 1991 and 1995. It was last sold for £427,500 in July 2023, which was around 16% below the average July 2023 detached price in the Dorset local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was C.

5 MILESTONE WAY Sold Prices

Land registry data shows five sales for 5 MILESTONE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the five 5 MILESTONE 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
2023 10 JUL	£427,500	£508,704	16% below HPI
2006 17 JAN	£244,950	£285,982	14% below HPI
2003 28 FEB	£220,000	£239,773	8% below HPI
2000 25 SEP	£163,000	£168,499	3% below HPI
1997 9 JUL	£104,000	£107,105	3% below HPI

5 MILESTONE 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 five 5 MILESTONE WAY sales between July 1997 and July 2023 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 January 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the July 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 5 MILESTONE WAY?

5 MILESTONE WAY is 186m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where 5 MILESTONE WAY lies on this distribution: 96% of detached houses are smaller than 5 MILESTONE WAY, and 4% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 MILESTONE WAY: Plot and Title Map

5 MILESTONE WAY sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 5 MILESTONE 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 5 MILESTONE 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 5 MILESTONE WAY?

5 MILESTONE WAY is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 5 on MILESTONE WAY.