BANISTERS, BAY LANE, GILLINGHAM, SP8 4ER - £550,000

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

BANISTERS is a large extended detached house of 121m², built sometime between 2003 and 2006. It was last sold for £550,000 in June 2021, which was around 22% above the average June 2021 detached price in the Dorset local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

BANISTERS Sold Prices

Land registry data shows three sales for BANISTERS 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. Two of the three BANISTERS sales were for above the average price, whilst one was 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 30 JUN	£550,000	£450,600	22% above HPI
2018 20 SEP	£425,000	£434,512	2% below HPI
2006 14 NOV	£370,000	£307,725	20% above HPI

BANISTERS 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 BANISTERS sales between November 2006 and June 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 September 2018 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2021 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is BANISTERS?

BANISTERS is 121m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 40% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where BANISTERS lies on this distribution: 64% of detached houses are smaller than BANISTERS, and 35% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

BANISTERS: Plot and Title Map

BANISTERS sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of BANISTERS, 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 BANISTERS). 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 BANISTERS?

BANISTERS is located on BAY LANE in GILLINGHAM, in the SP8 postcode district. The below map shows the position of BANISTERS on BAY LANE.