TRANQUIL, WAVERING LANE WEST, GILLINGHAM, SP8 4NR - £420,000

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

TRANQUIL is a midsized detached house of 102m², built sometime between 1983 and 1990. It was last sold for £420,000 in June 2023, which was around 18% below the average June 2023 detached price in the Dorset local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

TRANQUIL Sold Prices

Land registry data shows four sales for TRANQUIL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Most of the four TRANQUIL sales 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
2023 6 JUN	£420,000	£513,087	18% below HPI
2010 30 JUN	£299,950	£318,043	6% below HPI
2007 10 JUL	£330,000	£332,633	1% below HPI
1999 16 JUL	£150,000	£133,274	13% above HPI

TRANQUIL 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 four TRANQUIL sales between July 1999 and June 2023 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 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is TRANQUIL?

TRANQUIL is 102m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 50% of detached houses in Gillingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gillingham, and where TRANQUIL lies on this distribution: 41% of detached houses are smaller than TRANQUIL, and 58% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

TRANQUIL: Plot and Title Map

TRANQUIL sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of TRANQUIL, 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 TRANQUIL). 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 TRANQUIL?

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