41A, PALACE ROAD, GILLINGHAM, SP8 4PQ - £165,000

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.

41A PALACE ROAD is a very small terraced house of 57m², built sometime between 2003 and 2006, which could now be worth an estimated £162,721. It was last sold for £165,000 in August 2023, which was around 38% below the average August 2023 terraced price in the Dorset local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

41A PALACE ROAD Sold Prices

Land registry data shows six sales for 41A PALACE ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Dorset local authority area for the corresponding sale date. All of the six 41A 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
2023 10 AUG	£165,000	£267,693	38% below HPI
2013 12 NOV	£117,750	£176,584	33% below HPI
2010 25 AUG	£120,000	£175,455	32% below HPI
2007 31 MAY	£119,000	£180,988	34% below HPI
2003 1 AUG	£90,500	£127,842	29% below HPI
2002 1 MAR	£66,150	£93,539	29% below HPI

41A 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 six 41A PALACE ROAD sales between March 2002 and August 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 November 2013 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 41A PALACE ROAD be worth now?

41A PALACE ROAD might now be worth an estimated £162,721.

This is based on house price deflation of 1.4%, between August 2023 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 1.4% deflationary decrease is applied to the most recent sale price for 41A PALACE ROAD of £165,000 on 10th August 2023. For the value to have decreased from £165,000 to £162,721 over the two years and two months to June 2025, the following assumptions must hold true:

• The value of 41A PALACE ROAD has moved in line with the HPI for terraced houses in the Dorset local authority area.
• The August 2023 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 41A PALACE ROAD has not materially changed since August 2023.

How Large is 41A PALACE ROAD?

41A PALACE ROAD is 57m² according to the EPC inspection conducted in April 2021. 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 41A PALACE ROAD lies on this distribution: 1% of terraced houses houses are smaller than 41A PALACE ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

41A PALACE ROAD: Plot and Title Map

41A PALACE ROAD sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 41A 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 41A 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 41A PALACE ROAD?

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