ASHTREES, COMMON MEAD LANE, GILLINGHAM, SP8 4RE - £615,000

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

ASHTREES is a very large extended detached house of 146m², built sometime between 1950 and 1966. It was last sold for £615,000 in August 2023, which was around 21% above the average August 2023 detached price in the Dorset local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

ASHTREES Sold Prices

Land registry data shows two sales for ASHTREES 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 ASHTREES sales were for above 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 16 AUG	£615,000	£508,573	21% above HPI
1995 20 OCT	£137,500	£93,187	48% above HPI

ASHTREES 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 ASHTREES sales from October 1995 and August 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 October 1995 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the August 2023 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is ASHTREES?

ASHTREES is 146m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where ASHTREES lies on this distribution: 83% of detached houses are smaller than ASHTREES, and 17% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

ASHTREES: Plot and Title Map

ASHTREES sits on a plot of roughly 0.240 of an acre, or 972m². The below map shows the location of ASHTREES, 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 ASHTREES). 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 ASHTREES?

ASHTREES is located on COMMON MEAD LANE in GILLINGHAM, in the SP8 postcode district. The below map shows the position of ASHTREES on COMMON MEAD LANE.