THE LAURELS, NEWBURY, GILLINGHAM, SP8 4HZ - £525,000

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 LAURELS is a very large extended detached house of 153m², built sometime before 1900. It was last sold for £525,000 in May 2024, which was around 4% above the average May 2024 detached price in the Dorset local authority area. The most recent EPC inspection was February 2023, where the current energy rating was F, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS 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 LAURELS 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
2024 9 MAY	£525,000	£504,566	4% above HPI
2003 17 DEC	£345,000	£261,351	32% above HPI
1998 29 JUN	£147,000	£119,932	23% above HPI

THE LAURELS 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 LAURELS sales between June 1998 and May 2024 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 December 2003 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the May 2024 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 153m², which includes four extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 20% 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 LAURELS lies on this distribution: 88% of detached houses are smaller than THE LAURELS, and 12% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.240 of an acre, or 972m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on NEWBURY in GILLINGHAM, in the SP8 postcode district. The below map shows the position of THE LAURELS on NEWBURY.