MAGNOLIA COTTAGE, WAVERING LANE EAST, GILLINGHAM, SP8 4NX - £420,000

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.

MAGNOLIA COTTAGE is a midsized extended terraced house of 106m², built sometime before 1900, which could now be worth an estimated £403,690. It was last sold for £420,000 in January 2023, which was around 53% above the average January 2023 terraced price in the Dorset local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

MAGNOLIA COTTAGE Sold Prices

Land registry data shows two sales for MAGNOLIA COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Dorset local authority area for the corresponding sale date. Both of the two MAGNOLIA COTTAGE 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
2023 16 JAN	£420,000	£274,661	53% above HPI
1998 26 JUN	£68,000	£56,959	19% above HPI

MAGNOLIA COTTAGE 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 two MAGNOLIA COTTAGE sales from June 1998 and January 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 June 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2023 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might MAGNOLIA COTTAGE be worth now?

MAGNOLIA COTTAGE might now be worth an estimated £403,690.

This is based on house price deflation of 3.9%, between January 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 3.9% deflationary decrease is applied to the most recent sale price for MAGNOLIA COTTAGE of £420,000 on 16th January 2023. For the value to have decreased from £420,000 to £403,690 over the one year and seven months to June 2025, the following assumptions must hold true:

• The value of MAGNOLIA COTTAGE has moved in line with the HPI for terraced houses in the Dorset local authority area.
• The January 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA COTTAGE has not materially changed since January 2023.

How Large is MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is 106m², which includes two extensions, according to the EPC inspection conducted in July 2022. This puts it in the smallest 50% 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 MAGNOLIA COTTAGE lies on this distribution: 45% of terraced houses houses are smaller than MAGNOLIA COTTAGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Gillingham.

MAGNOLIA COTTAGE: Plot and Title Map

MAGNOLIA COTTAGE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of MAGNOLIA COTTAGE, 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 MAGNOLIA COTTAGE). 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 MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is located on WAVERING LANE EAST in GILLINGHAM, in the SP8 postcode district. The below map shows the position of MAGNOLIA COTTAGE on WAVERING LANE EAST.