POTOMAC LODGE, WYKE ROAD, GILLINGHAM, SP8 4NH - £585,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

POTOMAC LODGE is a very large detached house of 288m², built sometime between 1967 and 1975. It was last sold for £585,000 in June 2021, which was around 30% above the average June 2021 detached price in the Dorset local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was C.

POTOMAC LODGE Sold Prices

Land registry data shows three sales for POTOMAC LODGE 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 POTOMAC LODGE 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 10 JUN	£585,000	£450,600	30% above HPI
2000 26 MAY	£229,000	£155,431	47% above HPI
1998 7 APR	£195,000	£114,367	71% above HPI

POTOMAC LODGE 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 POTOMAC LODGE sales between April 1998 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 May 2000 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the June 2021 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is POTOMAC LODGE?

POTOMAC LODGE is 288m² according to the EPC inspection conducted in September 2014. This puts it in the largest 10% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where POTOMAC LODGE lies on this distribution: More than 99% of detached houses are smaller than POTOMAC LODGE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

POTOMAC LODGE: Plot and Title Map

POTOMAC LODGE sits on a plot of roughly 0.369 of an acre, or 1,493m². The below map shows the location of POTOMAC LODGE, 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 POTOMAC LODGE). 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 POTOMAC LODGE?

POTOMAC LODGE is located on WYKE ROAD in GILLINGHAM, in the SP8 postcode district. The below map shows the position of POTOMAC LODGE on WYKE ROAD.