TOWER VIEW, WAVERING LANE WEST, GILLINGHAM, SP8 4NR - £485,000

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

TOWER VIEW is a very large detached house of 150m², built sometime from 2007 onwards. It was last sold for £485,000 in September 2017, which was around 15% above the average September 2017 detached price in the Dorset local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

TOWER VIEW Sold Prices

Land registry data shows three sales for TOWER VIEW 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. One of the three TOWER VIEW sales was for above the average price, whilst two were for below 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
2017 22 SEP	£485,000	£422,819	15% above HPI
2004 1 APR	£242,500	£268,969	10% below HPI
1997 28 NOV	£85,000	£113,253	25% below HPI

TOWER VIEW 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 TOWER VIEW sales between November 1997 and September 2017 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 April 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2017 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is TOWER VIEW?

TOWER VIEW is 150m² according to the EPC inspection conducted in July 2017. 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 TOWER VIEW lies on this distribution: 85% of detached houses are smaller than TOWER VIEW, and 14% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

TOWER VIEW: Plot and Title Map

TOWER VIEW sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of TOWER VIEW, 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 TOWER VIEW). 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 TOWER VIEW?

TOWER VIEW is located on WAVERING LANE WEST in GILLINGHAM, in the SP8 postcode district. The below map shows the position of TOWER VIEW on WAVERING LANE WEST.