MERRYNS, SHAFTESBURY ROAD, GILLINGHAM, SP8 4LP - £379,950

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.

MERRYNS is a midsized detached house of 115m², which could now be worth an estimated £458,119. It was last sold for £379,950 in February 2020, which was around 13% below the average February 2020 detached price in the Dorset local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was A.

MERRYNS Sold Prices

Land registry data shows two sales for MERRYNS 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 MERRYNS 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
2020 28 FEB	£379,950	£438,265	13% below HPI
2016 21 OCT	£160,000	£411,825	61% below HPI

MERRYNS 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 MERRYNS sales from October 2016 and February 2020 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 October 2016 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the February 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might MERRYNS be worth now?

MERRYNS might now be worth an estimated £458,119.

This is based on house price inflation of 20.6%, between February 2020 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 20.6% inflationary increase is applied to the most recent sale price for MERRYNS of £379,950 on 28th February 2020. For the value to have increased from £379,950 to £458,119 over the five years to February 2025, the following assumptions must hold true:

• The value of MERRYNS has moved in line with the HPI for detached houses in the Dorset local authority area.
• The February 2020 sale price of £379,950 represented a fair market value for the property.
• The size, condition, and specification of MERRYNS has not materially changed since February 2020.

How Large is MERRYNS?

MERRYNS is 115m² according to the EPC inspection conducted in December 2019. This puts it in the largest 50% 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 MERRYNS lies on this distribution: 57% of detached houses houses are smaller than MERRYNS, and 42% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

MERRYNS: Plot and Title Map

MERRYNS sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of MERRYNS, 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 MERRYNS). 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 MERRYNS?

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