2, GILLIES DRIVE, BASINGSTOKE, RG24 9JW - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 GILLIES DRIVE is a very small terraced house of 54m², built sometime between 2003 and 2006, which could now be worth an estimated £316,844. It was last sold for £175,000 in July 2011, which was around 6% above the average July 2011 terraced price in the Basingstoke and Deane local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was A.

2 GILLIES DRIVE Sold Prices

Land registry data shows two sales for 2 GILLIES DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Basingstoke and Deane local authority area for the corresponding sale date. Both of the two 2 GILLIES DRIVE 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
2011 11 JUL	£175,000	£165,419	6% above HPI
1995 20 JUL	£60,000	£53,548	12% above HPI

2 GILLIES DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The two 2 GILLIES DRIVE sales from July 1995 and July 2011 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 July 1995 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2011 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 GILLIES DRIVE be worth now?

2 GILLIES DRIVE might now be worth an estimated £316,844.

This is based on house price inflation of 81.1%, between July 2011 and July 2025, for terraced houses, in the Basingstoke and Deane local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 81.1% inflationary increase is applied to the most recent sale price for 2 GILLIES DRIVE of £175,000 on 11th July 2011. For the value to have increased from £175,000 to £316,844 over the fourteen years to July 2025, the following assumptions must hold true:

• The value of 2 GILLIES DRIVE has moved in line with the HPI for terraced houses in the Basingstoke and Deane local authority area.
• The July 2011 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GILLIES DRIVE has not materially changed since July 2011.

How Large is 2 GILLIES DRIVE?

2 GILLIES DRIVE is 54m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of terraced houses houses in Basingstoke, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Basingstoke, and where 2 GILLIES DRIVE lies on this distribution: 1% of terraced houses houses are smaller than 2 GILLIES DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Basingstoke.

2 GILLIES DRIVE: Plot and Title Map

2 GILLIES DRIVE sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 2 GILLIES DRIVE, 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 2 GILLIES DRIVE). 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 2 GILLIES DRIVE?

2 GILLIES DRIVE is located in BASINGSTOKE, in the RG24 postcode district. The below map shows the position of No. 2 on GILLIES DRIVE.