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

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

SHEARSTONES is a very large detached house of 183m², built sometime between 1976 and 1982. It was last sold for £675,000 in September 2022, which was around 26% 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. The five SHEARSTONES sales were a mix of above the average price, and roughly equal to 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	£535,653	26% above HPI
2015 3 JUN	£365,000	£363,372	Close to HPI
2010 12 JAN	£412,500	£309,937	33% above HPI
2004 27 FEB	£295,000	£262,992	12% above HPI
1996 13 DEC	£126,000	£98,192	28% 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

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 in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where SHEARSTONES lies on this distribution: 95% of detached 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.