5, SORREL WAY, GILLINGHAM, SP8 4TP - £395,000

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

5 SORREL WAY is a large detached house of 132m², built sometime between 1991 and 1995. It was last sold for £395,000 in May 2024, which was around 22% below the average May 2024 detached price in the Dorset local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

5 SORREL WAY Sold Prices

Land registry data shows three sales for 5 SORREL WAY 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 5 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
2024 10 MAY	£395,000	£506,543	22% below HPI
2010 9 FEB	£240,000	£312,809	23% below HPI
2000 6 OCT	£145,000	£170,266	15% below HPI

5 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 three 5 SORREL WAY sales between October 2000 and May 2024 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 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2024 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 5 SORREL WAY?

5 SORREL WAY is 132m² according to the EPC inspection conducted in August 2022. This puts it in the largest 30% 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 SORREL WAY lies on this distribution: 74% of detached houses are smaller than 5 SORREL WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

5 SORREL WAY: Plot and Title Map

5 SORREL WAY sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 5 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 5 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 5 SORREL WAY?

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