GRACE COTTAGE, BAY LANE, GILLINGHAM, SP8 4ER - £345,000

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.

GRACE COTTAGE is a very small detached house of 81m², built in 2021, which could now be worth an estimated £392,371. It was last sold for £345,000 in June 2021, which was around 26% below the average June 2021 detached price in the Dorset local authority area. The most recent EPC inspection was April 2021, where the current energy rating was B, and the potential energy rating was A.

GRACE COTTAGE Sold Prices

Land registry data shows two sales for GRACE COTTAGE 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 GRACE COTTAGE 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 15 JUN	£345,000	£464,633	26% below HPI
2020 19 MAR	£100,000	£434,844	77% below HPI

GRACE COTTAGE 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 GRACE COTTAGE sales from March 2020 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 March 2020 sale was for 77% below the HPI. So the extrapolation line tracks at 77% below the HPI over time, until the June 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might GRACE COTTAGE be worth now?

GRACE COTTAGE might now be worth an estimated £392,371.

This is based on house price inflation of 13.7%, between June 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 13.7% inflationary increase is applied to the most recent sale price for GRACE COTTAGE of £345,000 on 15th June 2021. For the value to have increased from £345,000 to £392,371 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of GRACE COTTAGE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The June 2021 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of GRACE COTTAGE has not materially changed since June 2021.

How Large is GRACE COTTAGE?

GRACE COTTAGE is 81m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% 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 GRACE COTTAGE lies on this distribution: 19% of detached houses houses are smaller than GRACE COTTAGE, and 80% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

GRACE COTTAGE: Plot and Title Map

GRACE COTTAGE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of GRACE COTTAGE, 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 GRACE COTTAGE). 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 GRACE COTTAGE?

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