ELMCROFT, BAY ROAD, GILLINGHAM, SP8 4EW - £700,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

ELMCROFT is a very large extended detached house of 328m², built sometime between 2003 and 2006, which could now be worth an estimated £808,110. It was last sold for £700,000 in May 2021, which was around 53% above the average May 2021 detached price in the Dorset local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

ELMCROFT Sold Prices

Land registry data shows three sales for ELMCROFT 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. All of the three ELMCROFT 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
2021 28 MAY	£700,000	£457,737	53% above HPI
2014 14 FEB	£650,000	£346,756	87% above HPI
2010 29 JAN	£323,000	£319,590	1% above HPI

ELMCROFT 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 ELMCROFT sales between January 2010 and May 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 February 2014 sale was for 87% above the HPI. So the extrapolation line tracks at 87% above the HPI over time, until the May 2021 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might ELMCROFT be worth now?

ELMCROFT might now be worth an estimated £808,110.

This is based on house price inflation of 15.4%, between May 2021 and February 2025, 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 15.4% inflationary increase is applied to the most recent sale price for ELMCROFT of £700,000 on 28th May 2021. For the value to have increased from £700,000 to £808,110 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of ELMCROFT has moved in line with the HPI for detached houses in the Dorset local authority area.
• The May 2021 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of ELMCROFT has not materially changed since May 2021.

How Large is ELMCROFT?

ELMCROFT is 328m², which includes three extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 10% 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 ELMCROFT lies on this distribution: More than 99% of detached houses houses are smaller than ELMCROFT, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

ELMCROFT: Plot and Title Map

ELMCROFT sits on a plot of roughly 0.326 of an acre, or 1,319m². The below map shows the location of ELMCROFT, 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 ELMCROFT). 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 ELMCROFT?

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