41, PALACE ROAD, GILLINGHAM, SP8 4PQ - £138,000

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.

41 PALACE ROAD is a very small terraced house of 49m², built sometime between 1996 and 2002, which could now be worth an estimated £164,378. It was last sold for £138,000 in February 2020, which was around 38% below the average February 2020 terraced 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.

41 PALACE ROAD Sold Prices

Land registry data shows four sales for 41 PALACE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Dorset local authority area for the corresponding sale date. All of the four 41 PALACE ROAD 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
2020 28 FEB	£138,000	£221,631	38% below HPI
2018 9 MAR	£135,000	£215,574	37% below HPI
2003 4 JUL	£89,500	£126,376	29% below HPI
2002 1 MAR	£66,150	£93,539	29% below HPI

41 PALACE ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Dorset local authority area over time, sourced from the HPI. The four 41 PALACE ROAD sales between March 2002 and February 2020 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 March 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 41 PALACE ROAD be worth now?

41 PALACE ROAD might now be worth an estimated £164,378.

This is based on house price inflation of 19.1%, between February 2020 and June 2025, for terraced houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 41 PALACE ROAD of £138,000 on 28th February 2020. For the value to have increased from £138,000 to £164,378 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of 41 PALACE ROAD has moved in line with the HPI for terraced houses in the Dorset local authority area.
• The February 2020 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 41 PALACE ROAD has not materially changed since February 2020.

How Large is 41 PALACE ROAD?

41 PALACE ROAD is 49m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of terraced houses houses in Gillingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gillingham, and where 41 PALACE ROAD lies on this distribution: Less than 1% of terraced houses houses are smaller than 41 PALACE ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

41 PALACE ROAD: Plot and Title Map

41 PALACE ROAD sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 41 PALACE ROAD, 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 41 PALACE ROAD). 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 41 PALACE ROAD?

41 PALACE ROAD is located in GILLINGHAM, in the SP8 postcode district. The below map shows the position of No. 41 on PALACE ROAD.