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House Prices in SP8 House Prices in SP8 (Gillingham)

The average house price in SP8 (Gillingham) is £342,950 using HM Land Registry data.

The average property price increased by £92,606 (8.99%) over the last 5 years and increased by £18,555 (1.53%) over the last 12 months.

Over the last year, there were 204 residential property sales – a decrease of 68 transactions (-33.33%) relative to the previous year. The majority of house sales (67) were in the £224,000 - £308,000 range. Then came properties in the £140,000 - £224,000 range, where 37 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,290 (-2%).

In Oct 24, there were 44 new estate agency instructions, 49 agreed home sales and 24 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) - Oct 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
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
13 Highgrove, Gillingham, Dorset, SP8 4SA£280,000£280,000£0015 Oct 202304 Jul 2024263 Days
Dovehayes Cottage, Bridge Street, Bourton, Gillingham, Dorset, SP8 5BA£489,000£482,000-£7,00009 Feb 202421 Jun 2024133 Days
Woodville Cottage, Woodville, Stour Provost, Gillingham, Dorset, SP8 5LX£795,000£752,000-£43,00023 Jan 202420 Jun 2024149 Days
7 Peacemarsh Farm Close, Gillingham, Dorset, SP8 4XQ£450,000£435,000-£15,00019 Jun 202319 Jun 2024366 Days
6 Waverland Terrace, Gillingham, Dorset, SP8 4NT£225,000£222,000-£3,00015 Feb 202414 Jun 2024120 Days
7 Mill Rise, Bourton, Gillingham, Dorset, SP8 5DH£485,000£475,000-£10,00020 Nov 202307 Jun 2024200 Days
1 Back Lane, Kington Magna, Gillingham, Dorset, SP8 5EL£289,500£285,000-£4,50024 Nov 202303 Jun 2024192 Days
Honeysuckle Cottage, Pound Lane, Gillingham, Dorset, SP8 4NP£285,000£280,000-£5,00007 Feb 202403 Jun 2024117 Days
7 Coronation Road, Gillingham, Dorset, SP8 4BU£225,000£215,000-£10,00014 Nov 202331 May 2024199 Days
Aurora, Wessex Way, Gillingham, Dorset, SP8 4LX£600,000£560,000-£40,00013 Oct 202323 May 2024223 Days
5 Sorrel Way, Gillingham, Dorset, SP8 4TP£395,000£395,000£0015 Jan 202410 May 2024116 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£674,6005
SP8 5RLChurch Street, West StourGillingham£648,70010
SP8 5RNChurch Street, West StourGillingham£640,3624
SP8 5JRPrimrose Fields, East StourGillingham£616,7378
SP8 4RECommon Mead LaneGillingham£608,3333

Least Expensive Streets in SP8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
SP8 4SRMeadowcroftGillingham£82,0628
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£116,81720
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

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