7, MILESTONE WAY, GILLINGHAM, SP8 4TB - £72,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 MILESTONE WAY is a small detached house of 96m², built sometime between 1991 and 1995, which could now be worth an estimated £362,253. It was last sold for £72,500 in March 1997, which was around 30% below the average March 1997 detached price in the Dorset local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

7 MILESTONE WAY Sold Prices

Land registry data shows two sales for 7 MILESTONE WAY 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 7 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
1997 14 MAR	£72,500	£104,273	30% below HPI
1996 12 APR	£65,000	£97,174	33% below HPI

7 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 two 7 MILESTONE WAY sales from April 1996 and March 1997 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 April 1996 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 1997 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 7 MILESTONE WAY be worth now?

7 MILESTONE WAY might now be worth an estimated £362,253.

This is based on house price inflation of 399.7%, between March 1997 and December 2024, 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 399.7% inflationary increase is applied to the most recent sale price for 7 MILESTONE WAY of £72,500 on 14th March 1997. For the value to have increased from £72,500 to £362,253 over the 26 years and three months to December 2024, the following assumptions must hold true:

• The value of 7 MILESTONE WAY has moved in line with the HPI for detached houses in the Dorset local authority area.
• The March 1997 sale price of £72,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MILESTONE WAY has not materially changed since March 1997.

How Large is 7 MILESTONE WAY?

7 MILESTONE WAY is 96m² according to the EPC inspection conducted in February 2012. 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 7 MILESTONE WAY lies on this distribution: 36% of detached houses houses are smaller than 7 MILESTONE WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

7 MILESTONE WAY: Plot and Title Map

7 MILESTONE WAY sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 7 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 7 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 7 MILESTONE WAY?

7 MILESTONE WAY is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 7 on MILESTONE WAY.