CRAIGARAS, WAVERING LANE WEST, GILLINGHAM, SP8 4NR - £300,000

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

CRAIGARAS is a small extended detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £331,684. It was last sold for £300,000 in August 2021, which was around 36% below the average August 2021 detached price in the Dorset local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

CRAIGARAS Sold Prices

Land registry data shows two sales for CRAIGARAS 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 CRAIGARAS 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 4 AUG	£300,000	£471,240	36% below HPI
2013 18 DEC	£157,500	£345,329	54% below HPI

CRAIGARAS 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 CRAIGARAS sales from December 2013 and August 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 December 2013 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might CRAIGARAS be worth now?

CRAIGARAS might now be worth an estimated £331,684.

This is based on house price inflation of 10.6%, between August 2021 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 10.6% inflationary increase is applied to the most recent sale price for CRAIGARAS of £300,000 on 4th August 2021. For the value to have increased from £300,000 to £331,684 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of CRAIGARAS has moved in line with the HPI for detached houses in the Dorset local authority area.
• The August 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of CRAIGARAS has not materially changed since August 2021.

How Large is CRAIGARAS?

CRAIGARAS is 83m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the smallest 30% 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 CRAIGARAS lies on this distribution: 22% of detached houses houses are smaller than CRAIGARAS, and 78% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

CRAIGARAS: Plot and Title Map

CRAIGARAS sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of CRAIGARAS, 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 CRAIGARAS). 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 CRAIGARAS?

CRAIGARAS is located on WAVERING LANE WEST in GILLINGHAM, in the SP8 postcode district. The below map shows the position of CRAIGARAS on WAVERING LANE WEST.