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Gillingham (Dorset) House Prices

The average house price in Gillingham (Dorset) is £270,563 using HM Land Registry data.

The average property price increased by £55,285 (23.46%) over the last 5 years and increased by £11,049 (3.95%) over the last 12 months.

Over the last year, there were 167 residential property sales – a decrease of 118 transactions (-70.66%) relative to the previous year. The majority of house sales (40) were in the £172,000 - £234,000 range. Then came properties in the £234,000 - £296,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 107 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,290 (-2%).

In April 2024, there were 47 new estate agency instructions, 16 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in Gillingham (Dorset)

23.46%

Property prices in Gillingham (Dorset) increased by 23.46% 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 Gillingham (Dorset) Over the Last Year

3.95%

Property prices in Gillingham (Dorset) increased by 3.95% 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.

Property Market Heat Gauge for Gillingham (Dorset) - April 2024

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 Gillingham (Dorset)

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 Gillingham (Dorset)

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 Gillingham (Dorset)

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 Gillingham (Dorset) since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Gillingham (Dorset) area since 1995.

Recent Property Sales in Gillingham (Dorset)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
21 King Edmund Court, Gillingham, Dorset, SP8 4DL	£105,000	£105,000	£00	21 Jul 2023	05 Mar 2024	228 Days
11 Leddington Way, Gillingham, Dorset, SP8 4FF	£287,500	£285,000	-£2,500	28 Nov 2023	23 Feb 2024	87 Days
4 Arun Close, Gillingham, Dorset, SP8 4RN	£275,000	£265,000	-£10,000	03 Aug 2023	14 Feb 2024	195 Days
Littlewood, Shaftesbury Road, Gillingham, Dorset, SP8 4LL	£525,000	£500,000	-£25,000	04 Dec 2023	12 Feb 2024	70 Days
Preston, Wyke Road, Gillingham, Dorset, SP8 4NH	£275,000	£257,500	-£17,500	08 Aug 2023	05 Feb 2024	181 Days
3 Lodbourne Green, Gillingham, Dorset, SP8 4EH	£277,500	£277,500	£00	28 Nov 2023	02 Feb 2024	66 Days
3 Shreen Close, Gillingham, Dorset, SP8 4EN	£500,000	£488,000	-£12,000	04 Aug 2023	24 Jan 2024	173 Days
12 Otter Springs, Gillingham, Dorset, SP8 4GX	£310,000	£310,000	£00	07 Sep 2023	20 Dec 2023	104 Days
19 King Edmund Court, Gillingham, Dorset, SP8 4DL	£100,000	£98,000	-£2,000	02 Jun 2023	15 Dec 2023	196 Days
40 Oake Woods, Gillingham, Dorset, SP8 4QS	£265,000	£255,000	-£10,000	12 Jun 2023	14 Dec 2023	185 Days
5 River View, Gillingham, Dorset, SP8 4UB	£500,000	£460,000	-£40,000	15 Aug 2023	08 Dec 2023	115 Days
35 Wessex Way, Gillingham, Dorset, SP8 4LX	£240,000	£227,500	-£12,500	26 Jun 2023	06 Dec 2023	163 Days
Bells Cottage, Lydfords Lane, Gillingham, Dorset, SP8 4NJ	£575,000	£560,000	-£15,000	31 Jul 2023	04 Dec 2023	126 Days
56 Maple Way, Gillingham, Dorset, SP8 4RR	£225,000	£225,000	£00	18 Aug 2023	01 Dec 2023	105 Days
85 Fern Brook Lane, Gillingham, Dorset, SP8 4FL	£425,000	£410,000	-£15,000	20 Oct 2023	01 Dec 2023	42 Days
42 Shreen Way, Gillingham, Dorset, SP8 4EL	£449,999	£423,000	-£26,999	04 Jul 2023	01 Dec 2023	150 Days
2 Sorrel Way, Gillingham, Dorset, SP8 4TP	£385,000	£382,500	-£2,500	16 Oct 2023	30 Nov 2023	45 Days
Follys End, Wyke Street, Gillingham, Dorset, SP8 4NA	£700,000	£675,000	-£25,000	22 May 2023	28 Nov 2023	190 Days
26 Kingfisher Avenue, Gillingham, Dorset, SP8 4GW	£230,000	£230,000	£00	05 Sep 2023	27 Nov 2023	83 Days
Primrose Cottage, Bay Road, Gillingham, Dorset, SP8 4EW	£375,000	£355,000	-£20,000	24 Jul 2023	27 Nov 2023	126 Days

Most Expensive Streets in Gillingham (Dorset)

Postcode	Street	Area	Average	No. of Sales
SP8 4RE	Common Mead Lane	Gillingham	£608,333	3
SP8 4EP	Bay Road	Gillingham	£499,937	8
SP8 4ER	Bay Lane	Gillingham	£488,916	6
SP8 4LP	Shaftesbury Road	Gillingham	£467,650	3
SP8 4LE	Kings Court Road	Gillingham	£428,166	3
SP8 4NR	Wavering Lane West	Gillingham	£409,142	7
SP8 4ST	Hawthorn Avenue	Gillingham	£405,312	8
SP8 4TW	Foxglove Close	Wyke	£404,906	16
SP8 4NG	Wyke Road	Gillingham	£404,653	13
SP8 4SG	Stour Meadows	Gillingham	£399,375	8

Least Expensive Streets in Gillingham (Dorset)

Postcode	Street	Area	Average	No. of Sales
SP8 4SR	Meadowcroft	Gillingham	£81,388	9
SP8 4WG	Royal Lodge	Newbury	£110,621	16
SP8 4LU	Ham Court	Shaftesbury Road	£110,666	3
SP8 4SX	Milford Court	Gillingham	£111,062	4
SP8 4AD	Barnaby Mill	Barnaby Mead	£116,992	21
SP8 4LR	Nexus	Addison Close	£117,250	4
SP8 4DL	King Edmund Court	Gillingham	£124,815	19
SP8 4FD	Budmouth Drive	Gillingham	£125,166	3
SP8 4WF	Deer Gardens	Gillingham	£132,000	4
SP8 4NW	Wyke Road	Gillingham	£147,112	4