THE COTTAGE, DRY LANE, GILLINGHAM, SP8 5DP - £797,000

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

THE COTTAGE is a very large extended detached house of 233m², built sometime between 1900 and 1929. It was last sold for £797,000 in January 2022, which was around 62% above the average January 2022 detached price in the Dorset local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE 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 THE COTTAGE 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 6 JAN	£797,000	£493,412	62% above HPI
2005 31 AUG	£575,000	£286,356	101% above HPI
1999 30 APR	£185,000	£127,998	45% above HPI

THE COTTAGE 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 THE COTTAGE sales between April 1999 and January 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 August 2005 sale was for 101% above the HPI. So the extrapolation line tracks at 101% above the HPI over time, until the January 2022 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 233m², which includes two extensions, according to the EPC inspection conducted in June 2021. 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 THE COTTAGE lies on this distribution: 99% of detached houses are smaller than THE COTTAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.244 of an acre, or 987m². The below map shows the location of THE COTTAGE, 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 THE COTTAGE). 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 THE COTTAGE?

THE COTTAGE is located on DRY LANE in GILLINGHAM, in the SP8 postcode district. The below map shows the position of THE COTTAGE on DRY LANE.