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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Mill Race, Gillingham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,703 ft2 of internal area and sits on a 319 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mill Race, Gillingham is £450,117 and the estimated rental value is £1,470 per month.
Mill Race, Gillingham, SP8 is located within the SP8 postal district.
2, Mill Race, Gillingham has 21 entries in the Land Registry , most recently in December 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Mill Race, Gillingham is in very good condition we estimate a sale value of £472,623 and a rental value of £1,544 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £418,609 and a rental value of £1,367 per month.
Over the last 12 months the sale value of 2 Mill Race Gillingham has decreased by an estimated £10,595 (2.4%) and its rental value has increased by an estimated £46 per month (3.1%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, 2, Mill Race, Gillingham sits on a plot of 319m2.
We have plot size data on 6 out of 6 other houses in the postcode and 2, Mill Race, Gillingham sits on the largest plot.
According to HM Land Registry, 2, Mill Race, Gillingham was last sold on 5th December 2008 for £305,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2008, the market for similar properties has risen 75.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mill Race, Gillingham within a radius of 690 metres over the last 2 years.
The most recent example is 25, Barnaby Mead, Gillingham, SP8 4AL, a freehold house which sold for £435,000 on the 27th November 2023.
Read more about house prices in SP8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Race, Gillingham, SP8 has a total of 6 addresses. According to our analysis of all the public data, 2, Mill Race, Gillingham is the largest and the most expensive property on the street.
When compared to the postcode district it is £125k more expensive than the average property in SP8.
The closest station to 2, Mill Race, Gillingham is Gillingham (Dorset) station which is 700 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Mill Race, Gillingham, 58.3% of property is privately owned outright and 29.5% is privately owned with a mortgage.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Mill Race, Gillingham, 14.6% of residents are recorded as possessing school level qualifications and 28.7% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Mill Race, Gillingham, the average age was 47.6 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Mill Race, Gillingham, 0.8% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Mill Race, Gillingham, there are an average of 1.5 cars per household.
See below for how this compares to South West and the rest of England & Wales.
