House Prices in SP8 House Prices in SP8 (Gillingham)

The average house price in SP8 (Gillingham) is £267,919 using HM Land Registry data.

The average property price increased by £19,095 (8.99%) over the last 5 years and increased by £3,817 (1.53%) over the last 12 months.

Over the last year, there were 230 residential property sales – an increase of 2 transactions (0.87%) relative to the previous year. The majority of house sales (82) were in the £218,000 - £286,000 range. Then came properties in the £150,000 - £218,000 range, where 35 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,870 (-2%).

In May 2025, there were 47 new estate agency instructions, 34 agreed home sales and 48 property price reductions.

5-Year Average Property Prices in SP8 (Gillingham)

8.99%

Property prices in SP8 (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 SP8 (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) - May 2025

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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
6 King John Road, Gillingham, Dorset, SP8 4PG£170,000£162,000-£8,00004 Oct 202418 Feb 2025137 Days
22 Barnaby Mead, Gillingham, Dorset, SP8 4AL£745,000£735,000-£10,00006 Sep 202418 Feb 2025165 Days
Flat 1, Riley Court, Newbury, Gillingham, Dorset, SP8 4HG£225,000£223,000-£2,00020 Dec 202414 Feb 202556 Days
13 Shreen Way, Gillingham, Dorset, SP8 4EL£250,000£235,000-£15,00012 Sep 202411 Feb 2025152 Days
The Retreat, Mapperton Hill, Milton On Stour, Gillingham, Dorset, SP8 5QG£675,000£640,000-£35,00005 Jun 202407 Feb 2025247 Days
Myrtle Cottage, St Martins Square, Gillingham, Dorset, SP8 4DP£400,000£390,000-£10,00010 Jun 202405 Feb 2025240 Days
1 Wren Place, Gillingham, Dorset, SP8 4WE£270,000£265,000-£5,00012 Jul 202431 Jan 2025203 Days
2 The Street, Stour Provost, Gillingham, Dorset, SP8 5RZ£230,000£200,000-£30,00008 Nov 202431 Jan 202584 Days
23 Casterbridge Way, Gillingham, Dorset, SP8 4FG£392,000£392,000£005 Sep 202422 Jan 2025139 Days
12 Briar Close, Gillingham, Dorset, SP8 4SS£425,000£425,000£026 Jul 202422 Jan 2025180 Days
24 Sorrel Way, Gillingham, Dorset, SP8 4TP£375,000£370,000-£5,00029 Jul 202415 Jan 2025170 Days
3 Melchester Close, Gillingham, Dorset, SP8 4FB£185,000£180,000-£5,00027 Sep 202403 Jan 202598 Days
4 Ridgeway Road, Gillingham, Dorset, SP8 4GH£285,000£275,000-£10,00021 Jun 202419 Dec 2024181 Days
9 The Meadows, Gillingham, Dorset, SP8 4SP£190,000£185,000-£5,00010 Jul 202419 Dec 2024162 Days
2 Bourne Way, Gillingham, Dorset, SP8 4PF£300,000£295,000-£5,00014 Mar 202419 Dec 2024280 Days
7 Broad Acres, Gillingham, Dorset, SP8 4SB£250,000£248,500-£1,50016 Jul 202413 Dec 2024150 Days
17 Downsview Drive, Gillingham, Dorset, SP8 4RL£280,000£270,000-£10,00026 May 202413 Dec 2024201 Days
35 Cherryfields, Gillingham, Dorset, SP8 4TJ£375,000£372,500-£2,50007 Jun 202412 Dec 2024188 Days
19 Milestone Way, Gillingham, Dorset, SP8 4TB£375,000£375,000£011 Jul 202412 Dec 2024154 Days
13 King Edmund Court, Gillingham, Dorset, SP8 4DL£155,000£152,500-£2,50025 May 202412 Dec 2024201 Days

Most Expensive Streets in SP8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
SP8 5EGChurch HillGillingham£1,074,1764
SP8 5LXStour LaneGillingham£910,6663
SP8 5AJFantley LaneGillingham£845,0003
SP8 5HXShepherds HillGillingham£804,5833
SP8 5PYPost Office Road To Pierstons Fields - RoadGillingham£700,0006
SP8 5RLChurch StreetGillingham£678,7779
SP8 5RNChurch StreetGillingham£640,3624
SP8 5JRHunger HillGillingham£630,2007
SP8 5RZThe StreetGillingham£611,1427
SP8 4RECommon Mead LaneGillingham£608,3333

Least Expensive Streets in SP8 (Gillingham)

PostcodeStreetAreaAverageNo. of Sales
SP8 4SRMeadowcroftGillingham£76,81811
SP8 4WGRoyal Lodge, NewburyGillingham£107,81319
SP8 4SXMilford CourtGillingham£111,0624
SP8 4LUHam Court, Shaftesbury RoadGillingham£111,6005
SP8 4ADBarnaby Mill, Barnaby MeadGillingham£115,37922
SP8 4LRNexus, Addison CloseGillingham£122,4005
SP8 4YSWathen CourtGillingham£123,3124
SP8 4DLKing Edmund Court, Rolls Bridge LaneGillingham£124,95623
SP8 4WFDeer GardensGillingham£143,3333
SP8 4NDMead Court, Common Mead AvenueGillingham£150,0003

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