# 2 bedroom bungalow for sale (SP8 4EW) ## Property Details | Key | Value | |-----|-------| | Address | HILL MEAD, BAY ROAD, GILLINGHAM, DORSET SP8 4EW | | Price | £325,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Floor area | 89 m² | | Last sold | £305,000 Apr 2019 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Expiry date:** 21/08/2027 - **Est. upgrade cost to C:** £11,920 ### Recommendations - W2 (£4,000 - £6,000) - E (£20) - G (£350 - £450) - U (£5,000 - £8,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0189-2842-6188-9823-3821) ## Description A well presented 2 bedroom bungalow within easy reach of the town centre with garden studio and workshop. This bungalow was built in 1968 of brick and stone elevations under a tiled roof and is situated within easy reach of the town centre and has been modernised by the current vendors 5 years ago, including re-wiring, re-plumbing, heating, new boiler, kitchen and bathrooms. Access to the front door via a ramp and into the porch which has space for coats and boots then a stable door leads into the lovely open plan kitchen, dining room, sitting room and in turn again into the conservatory. The whole area has engineered oak flooring and the kitchen has a good range of floor and eye level units with integrated double oven, microwave and electric hob with extractor over, washer dryer, dishwasher and space for a fridge freezer. In the sitting area there is a contemporary wall mounted gas fire and there is space for a dining table. The conservatory is a good size and offers more flexibility in how to use the accommodation. Overall this is a lovely open space for modern living. The main bedroom is a very generous size and has 3 fitted wardrobes and sliding glass doors to the garden and a fully tiled en-suite shower room with a double shower. Bedroom 2 also has a fitted wardrobe and overlooks the front of the property. The modern family bathroom has a bath and shower over. Outside the garden is mainly laid to lawn with a collection of flower beds, apple trees and a pear tree and is bordered by hedges making it private. There is a patio area with summerhouse along with a vegetable garden with raised beds and a fruit cage. In addition there is a studio/office within the garden which is insulated and has power. There is also single garage and a workshop alongside with potential to be a second garage. Parking for at least 4 cars and a garden area to the front with pedestrian access to the garden. Presented in good decorative order the vendors have enjoyed the peaceful setting, friendly neighbours and easy access to the town. Potential to extend above the two bedrooms to add a further 2 bedrooms and shower rooms. Gillingham is a thriving North Dorset town and offers a wide range of shops and supermarkets including both Waitrose and Lidl. There is a direct train service to London Waterloo within walking distance which takes about two hours and there are also superb road links with the A303 lying just four miles to the north. Ideally suited for easy access to Bournemouth, Bristol, Southampton and London Heathrow and Gatwick. The area is renowned for its excellent schools which include a superb mixed comprehensive and sixth form college in Gillingham. Private schools in the area include Port Regis, St Mary’s Shaftesbury, Sandroyd, Clayesmore, Bryanston and Millfield. ## Property Photos - ![Kitchen/Sitting Room](/listings/photos/68609309/520617) - Kitchen/Sitting Room - ![Sitting Room](/listings/photos/68609309/520622) - Sitting Room - ![Conservatory](/listings/photos/68609309/520629) - Conservatory - ![Kitchen](/listings/photos/68609309/520632) - Kitchen - ![Bedroom 1](/listings/photos/68609309/520636) - Bedroom 1 - ![Bedroom 2](/listings/photos/68609309/520639) - Bedroom 2 - ![Rear Aspect](/listings/photos/68609309/520645) - Rear Aspect - ![Garden (Vendors)](/listings/photos/68609309/520648) - Garden (Vendors) - ![Summerhouse (Vendor)](/listings/photos/68609309/520652) - Summerhouse (Vendor) - ![Garden (Vendors)](/listings/photos/68609309/520658) - Garden (Vendors) - ![Front Aspect](/listings/photos/68609309/520662) - Front Aspect - ![Front Aspect](/listings/photos/68609309/520668) - Front Aspect ## Floorplans - ![Floorplan](/listings/photos/68609309/520672) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/68609309/520675) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | HILL MEAD BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £305,000 | 17/04/2019 | Detached | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | [Same street] BAY COTTAGE BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £405,000 | 22/11/2024 | Detached | | 8 SHREEN CLOSE, GILLINGHAM, DORSET, SP8 4EN | £290,000 | 21/12/2023 | Detached | | 42 SHREEN WAY, GILLINGHAM, DORSET, SP8 4EL | £423,000 | 01/12/2023 | Detached | | [Same street] PRIMROSE COTTAGE BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £355,000 | 27/11/2023 | Detached | | [Same street] RIVERSIDE COTTAGE BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £504,000 | 04/10/2023 | Detached | | [Same street] MALT HOUSE RESIDENTIAL HOME BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £7,563,408 | 29/03/2023 | Other | | [Same street] BROADLANDS BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £7,563,408 | 29/03/2023 | Other | | 69 SHREEN WAY, GILLINGHAM, DORSET, SP8 4EL | £330,000 | 15/12/2022 | Detached | | HAIR COBBLE COTTAGE BAY LANE, GILLINGHAM, DORSET, SP8 4ER | £780,000 | 25/10/2022 | Detached | | 1 SYLVAN CLOSE, GILLINGHAM, DORSET, SP8 4EJ | £350,000 | 21/10/2022 | Detached | | 75 SHREEN WAY, GILLINGHAM, DORSET, SP8 4EL | £327,000 | 16/09/2022 | Detached | | [Same street] MALT HOUSE LODGE 3 BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £168,500 | 22/06/2022 | Terraced | | 32 SHREEN WAY, GILLINGHAM, DORSET, SP8 4EL | £400,000 | 20/06/2022 | Detached | | 71 SHREEN WAY, GILLINGHAM, DORSET, SP8 4EL | £290,000 | 13/05/2022 | Detached | | [Same street] THE MALTHOUSE LODGE 4 BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £164,000 | 07/03/2022 | Flat | | BAYRIDGE FARM 6 BAY ROAD, GILLINGHAM, DORSET, SP8 4EP | £525,000 | 15/02/2022 | Detached | | 31 BAYFIELDS, GILLINGHAM, DORSET, SP8 4AE | £435,000 | 14/12/2021 | Detached | | [Same street] BAY COTTAGE BAY ROAD, GILLINGHAM, DORSET, SP8 4EW | £390,000 | 10/12/2021 | Detached | | BAY RIDGE BAY ROAD, GILLINGHAM, DORSET, SP8 4EP | £375,000 | 14/09/2021 | Detached | | 4 SHREEN CLOSE, GILLINGHAM, DORSET, SP8 4EN | £300,000 | 13/08/2021 | Detached | | BANISTERS BAY LANE, GILLINGHAM, DORSET, SP8 4ER | £550,000 | 30/06/2021 | Detached | | BAYRIDGE FARM 3 BAY ROAD, GILLINGHAM, DORSET, SP8 4EP | £542,000 | 29/06/2021 | Detached | | BAYRIDGE FARM 2 BAY ROAD, GILLINGHAM, DORSET, SP8 4EP | £547,500 | 29/06/2021 | Detached | | GRACE COTTAGE BAY LANE, GILLINGHAM, DORSET, SP8 4ER | £345,000 | 15/06/2021 | Detached | **Street average:** £2,139,165 (8 sales) **Area average:** £425,594 (16 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £429,547 (32 Detached, SP8, 2024–2026) - **Deviation:** -24.3% ## Rental Range *ONS Price Index of Private Rents (Dorset). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £935/mo - **Realistic:** £1,039/mo - **Optimistic:** £1,143/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, Churchbury House, SP8 | £995/mo | 2 | 0.32 miles | OpenRent | | 2 Bed Maisonette, Churchbury House, SP8 | £1,100/mo | 2 | 0.32 miles | OpenRent | | 2 Bed Flat, Queen Street, SP8 | £1,150/mo | 2 | 0.32 miles | OpenRent | | 2 Bed Terraced House, Ridgeway Road, SP8 | £1,200/mo | 2 | 0.57 miles | OpenRent | | 2 Bed Terraced House, The Meadows, SP8 | £950/mo | 2 | 0.69 miles | OpenRent | | 2 Bed Bungalow, Hilmar Drive, SP8 | £1,040/mo | 2 | 0.71 miles | OpenRent | | 2 Bed Flat, Otter Springs, SP8 | £735/mo | 2 | 0.8 miles | OpenRent | **Average rent: £1,024/mo (7 listings)** ## 1% Rule - **Rent ratio:** 0.32% (weak for cashflow) - **Max investor price (0.8%):** £130,000 - **Target investor price (1%):** £104,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,040/mo).* - **Gross yield:** 3.8% - **Cost-to-rent:** 26× - **Monthly cashflow:** £-369/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -4.7% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £3,652/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 31.6% - **10y growth:** 85.2% ## House Price Index (HM Land Registry) *Official index for Dorset; Detached series; as of March 2026.* - **1y growth (index):** -0.5% - **5y growth (index):** 12.8% - **10y growth (index):** 30.7% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)