SHEARSTONES, WAVERING LANE EAST, GILLINGHAM, SP8 4NX - £675,000

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.

SHEARSTONES is a very large detached house of 183m², built sometime between 1976 and 1982, which could now be worth an estimated £645,786. It was last sold for £675,000 in September 2022, which was around 22% above the average September 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.

SHEARSTONES Sold Prices

Land registry data shows five sales for SHEARSTONES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Most of the five SHEARSTONES 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
2022 30 SEP	£675,000	£552,336	22% above HPI
2015 3 JUN	£365,000	£374,689	3% below HPI
2010 12 JAN	£412,500	£319,590	29% above HPI
2004 27 FEB	£295,000	£271,183	9% above HPI
1996 13 DEC	£126,000	£101,250	24% above HPI

SHEARSTONES 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 five SHEARSTONES sales between December 1996 and September 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 June 2015 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2022 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might SHEARSTONES be worth now?

SHEARSTONES might now be worth an estimated £645,786.

This is based on house price deflation of 4.3%, between September 2022 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 4.3% deflationary decrease is applied to the most recent sale price for SHEARSTONES of £675,000 on 30th September 2022. For the value to have decreased from £675,000 to £645,786 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of SHEARSTONES has moved in line with the HPI for detached houses in the Dorset local authority area.
• The September 2022 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of SHEARSTONES has not materially changed since September 2022.

How Large is SHEARSTONES?

SHEARSTONES is 183m² according to the EPC inspection conducted in June 2022. This puts it in the largest 10% 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 SHEARSTONES lies on this distribution: 95% of detached houses houses are smaller than SHEARSTONES, and 5% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

SHEARSTONES: Plot and Title Map

SHEARSTONES sits on a plot of roughly 0.263 of an acre, or 1,064m². The below map shows the location of SHEARSTONES, 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 SHEARSTONES). 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 SHEARSTONES?

SHEARSTONES is located on WAVERING LANE EAST in GILLINGHAM, in the SP8 postcode district. The below map shows the position of SHEARSTONES on WAVERING LANE EAST.