FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in SP8

House Prices in SP8 House Prices in SP8 (Gillingham)

The average house price in SP8 (Gillingham) is £273,100 using HM Land Registry data.

The average property price increased by £92,912 (8.99%) over the last 5 years and increased by £18,617 (1.53%) over the last 12 months.

Over the last year, there were 211 residential property sales – a decrease of 60 transactions (-28.44%) relative to the previous year. The majority of house sales (60) were in the £232,000 - £314,000 range. Then came properties in the £150,000 - £232,000 range, where 48 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 125 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,092 (-2%).

In Dec 24, there were 28 new estate agency instructions, 13 agreed home sales and 8 property price reductions.

Nearby Postcodes: BA10, BA11, BA12, BA13, BA22, BA7, BA8, BA9, DT10, DT11, DT2, DT9, SN10, SP3, SP5, SP7

5-Year Average Property Prices in SP8 (Gillingham)

8.99%

Property prices in Gillingham increased by 8.99% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SP8 (Gillingham) Over the Last Year

1.53%

Property prices in Gillingham increased by 1.53% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SP8 (Gillingham) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SP8 (Gillingham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SP8 (Gillingham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SP8 (Gillingham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SP8 (Gillingham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SP8 postcode area since 1995.

Recent Sales in SP8 (Gillingham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Swallowfields, Gillingham, Dorset, SP8 4US£485,000£475,000-£10,00016 Jul 202422 Nov 2024129 Days
39 Bryony Gardens, Gillingham, Dorset, SP8 4TR£395,000£392,500-£2,50012 Apr 202422 Nov 2024224 Days
25 King Edmund Court, Gillingham, Dorset, SP8 4DL£160,000£145,000-£15,00014 Dec 202314 Nov 2024336 Days
9 Somerset Close, Gillingham, Dorset, SP8 4LY£320,000£305,000-£15,00001 Jun 202408 Nov 2024160 Days
14 Wren Place, Gillingham, Dorset, SP8 4WE£170,000£167,500-£2,50001 Oct 202401 Nov 202431 Days
10 Regency Court, Gillingham, Dorset, SP8 4TY£195,000£195,000£0023 Jul 202401 Nov 2024101 Days
Owl Cottage, Queen Street, Gillingham, Dorset, SP8 4DZ£165,000£153,000-£12,00014 May 202425 Oct 2024164 Days
34 Wren Place, Gillingham, Dorset, SP8 4WE£220,000£218,000-£2,00020 Jan 202423 Oct 2024277 Days
4 Plantagenet Way, Gillingham, Dorset, SP8 4TD£215,000£212,000-£3,00018 May 202418 Oct 2024153 Days
Flat 8, Barnaby Mill, Barnaby Mead, Gillingham, Dorset, SP8 4AD£115,000£112,000-£3,00027 Mar 202418 Oct 2024205 Days
31 Wessex Way, Gillingham, Dorset, SP8 4LX£230,000£230,000£0025 Jul 202414 Oct 202481 Days
Shady-bower, Peacemarsh, Gillingham, Dorset, SP8 4HB£320,000£318,000-£2,00022 Apr 202416 Aug 2024116 Days
35 Bryony Gardens, Gillingham, Dorset, SP8 4TR£385,000£378,000-£7,00019 Apr 202416 Aug 2024119 Days
34 Bryony Gardens, Gillingham, Dorset, SP8 4TR£395,000£395,000£0027 Feb 202422 Jul 2024146 Days
18 Thurstin Way, Gillingham, Dorset, SP8 4FN£460,000£460,000£0020 Feb 202418 Jul 2024149 Days
8 Goldfinch Gate, Gillingham, Dorset, SP8 4GZ£225,000£225,000£0026 Dec 202312 Jul 2024199 Days
4 Weatherbury Road, Gillingham, Dorset, SP8 4FE£280,000£275,000-£5,00003 Mar 202411 Jul 2024130 Days
Field View Cottage, Head Lane, East Stour, Gillingham, Dorset, SP8 5LN£339,950£330,000-£9,95003 Mar 202408 Jul 2024127 Days
10 New Close, Bourton, Gillingham, Dorset, SP8 5DL£275,000£275,000£0021 Mar 202405 Jul 2024106 Days
Hartwood, Wavering Lane East, Gillingham, Dorset, SP8 4NX£380,000£380,000£0010 Feb 202404 Jul 2024145 Days

Most Expensive Streets in SP8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
SP8 5EGChurch Hill, Kington MagnaGillingham£1,074,1764
SP8 5LXWoodville, Stour ProvostGillingham£910,6663
SP8 5AJFantley Lane, SiltonGillingham£845,0003
SP8 5HXShepherds Hill, Buckhorn WestonGillingham£804,5833
SP8 5PYMilton On StourGillingham£700,0006
SP8 5RZThe Street, Stour ProvostGillingham£679,6666
SP8 5RLChurch Street, West StourGillingham£678,7779
SP8 5RNChurch Street, West StourGillingham£640,3624
SP8 5NBThe Common, East StourGillingham£628,3333
SP8 5JRPrimrose Fields, East StourGillingham£616,7378

Least Expensive Streets in SP8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
SP8 4SRMeadowcroftGillingham£80,5559
SP8 4NWMilford House, Wyke RoadGillingham£96,8163
SP8 4WGRoyal Lodge, NewburyGillingham£110,35017
SP8 4SXMilford CourtGillingham£111,0624
SP8 4LUHam Court, Shaftesbury RoadGillingham£116,0004
SP8 4ADBarnaby Mill, Barnaby MeadGillingham£116,58821
SP8 4LRNexus, Addison CloseGillingham£122,4005
SP8 4DLKing Edmund CourtGillingham£125,32317
SP8 4WFDeer GardensGillingham£143,3333
SP8 4NDMead Court, Common Mead LaneGillingham£145,8754

Explore SP8 (Gillingham) using map

Sell Your
House Fast
Property Auctions Kent
Property Auctions Kent
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark