8, MILESTONE WAY, GILLINGHAM, SP8 4TB - £265,000

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

8 MILESTONE WAY is a very small detached house of 63m², built sometime between 1991 and 1995. It was last sold for £265,000 in September 2021, which was around 43% below the average September 2021 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.

8 MILESTONE WAY Sold Prices

Land registry data shows five sales for 8 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 8 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
2021 9 SEP	£265,000	£461,034	43% below HPI
2017 30 MAY	£222,000	£406,289	45% below HPI
2013 21 NOV	£175,000	£336,347	48% below HPI
1999 9 JUL	£87,500	£133,274	34% below HPI
1996 25 JUN	£61,950	£95,043	35% below HPI

8 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 8 MILESTONE WAY sales between June 1996 and September 2021 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 May 2017 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2021 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 8 MILESTONE WAY?

8 MILESTONE WAY is 63m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 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 8 MILESTONE WAY lies on this distribution: 5% of detached houses are smaller than 8 MILESTONE WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

8 MILESTONE WAY: Plot and Title Map

8 MILESTONE WAY sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 8 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 8 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 8 MILESTONE WAY?

8 MILESTONE WAY is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 8 on MILESTONE WAY.