HONEYMEAD, BAY LANE, GILLINGHAM, SP8 4ER - £447,500

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.

HONEYMEAD is a very large extended detached house of 147m², built sometime between 1967 and 1975, which could now be worth an estimated £573,155. It was last sold for £447,500 in November 2016, which was around 8% above the average November 2016 detached price in the Dorset local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was C.

HONEYMEAD Sold Prices

Land registry data shows two sales for HONEYMEAD 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 HONEYMEAD 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
2016 15 NOV	£447,500	£412,581	8% above HPI
2010 27 AUG	£420,000	£337,230	25% above HPI

HONEYMEAD 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 HONEYMEAD sales from August 2010 and November 2016 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 August 2010 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might HONEYMEAD be worth now?

HONEYMEAD might now be worth an estimated £573,155.

This is based on house price inflation of 28.1%, between November 2016 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 28.1% inflationary increase is applied to the most recent sale price for HONEYMEAD of £447,500 on 15th November 2016. For the value to have increased from £447,500 to £573,155 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of HONEYMEAD has moved in line with the HPI for detached houses in the Dorset local authority area.
• The November 2016 sale price of £447,500 represented a fair market value for the property.
• The size, condition, and specification of HONEYMEAD has not materially changed since November 2016.

How Large is HONEYMEAD?

HONEYMEAD is 147m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 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 HONEYMEAD lies on this distribution: 84% of detached houses houses are smaller than HONEYMEAD, and 16% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

HONEYMEAD: Plot and Title Map

HONEYMEAD sits on a plot of roughly 0.393 of an acre, or 1,592m². The below map shows the location of HONEYMEAD, 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 HONEYMEAD). 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 HONEYMEAD?

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