5, PROSPECT CLOSE, GILLINGHAM, SP8 4NZ - £220,000

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.

5 PROSPECT CLOSE is a small detached house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £266,685. It was last sold for £220,000 in March 2018, which was around 50% below the average March 2018 detached price in the Dorset local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

5 PROSPECT CLOSE Sold Prices

Land registry data shows two sales for 5 PROSPECT CLOSE 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 5 PROSPECT CLOSE 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 26 MAR	£220,000	£436,753	50% below HPI
2014 29 AUG	£167,500	£362,321	54% below HPI

5 PROSPECT CLOSE 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 5 PROSPECT CLOSE sales from August 2014 and March 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 August 2014 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the March 2018 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 5 PROSPECT CLOSE be worth now?

5 PROSPECT CLOSE might now be worth an estimated £266,685.

This is based on house price inflation of 21.2%, between March 2018 and March 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 21.2% inflationary increase is applied to the most recent sale price for 5 PROSPECT CLOSE of £220,000 on 26th March 2018. For the value to have increased from £220,000 to £266,685 over the seven years to March 2025, the following assumptions must hold true:

• The value of 5 PROSPECT CLOSE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The March 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PROSPECT CLOSE has not materially changed since March 2018.

How Large is 5 PROSPECT CLOSE?

5 PROSPECT CLOSE is 94m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 40% 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 5 PROSPECT CLOSE lies on this distribution: 33% of detached houses houses are smaller than 5 PROSPECT CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 PROSPECT CLOSE: Plot and Title Map

5 PROSPECT CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 5 PROSPECT CLOSE, 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 PROSPECT CLOSE). 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 PROSPECT CLOSE?

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