GREENACRES, PEACEMARSH, GILLINGHAM, SP8 4HD - £430,000

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

GREENACRES is a small detached house of 91m², built sometime between 1976 and 1982. It was last sold for £430,000 in December 2022, which was around 19% below the average December 2022 detached price in the Dorset local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

GREENACRES Sold Prices

Land registry data shows four sales for GREENACRES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the four GREENACRES 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
2022 14 DEC	£430,000	£528,604	19% below HPI
2009 1 MAY	£239,950	£277,535	14% below HPI
2004 9 JUL	£220,000	£278,730	21% below HPI
2001 9 JUL	£169,950	£180,348	6% below HPI

GREENACRES 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 four GREENACRES sales between July 2001 and December 2022 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 May 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is GREENACRES?

GREENACRES is 91m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 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 GREENACRES lies on this distribution: 31% of detached houses are smaller than GREENACRES, and 68% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

GREENACRES: Plot and Title Map

GREENACRES sits on a plot of roughly 0.239 of an acre, or 967m². The below map shows the location of GREENACRES, 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 GREENACRES). 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 GREENACRES?

GREENACRES is located on PEACEMARSH in GILLINGHAM, in the SP8 postcode district. The below map shows the position of GREENACRES on PEACEMARSH.