# 2 bedroom bungalow for sale (SP8 4EW)

## Property Details

| Key | Value |
|-----|-------|
| Address | Bay Road, Gillingham, SP8 4EW |
| Price | £155,000 |
| Bedrooms | 2 |
| Last sold | £160,000 |

## Description

**SUMMARY**

***VACANT POSSESSION*** A rare opportunity to acquire a well presented lodge set in the grounds of the sought after Malt House benefiting from pleasant rural views and 24 hour call bell facility. The accommodation offers two bedrooms and its own private garden and has an over 55's age restriction.

**DESCRIPTION**

.

**Entrance Hall** 

Solid wood door from communal hallway, radiator, airing cupboard housing central heating boiler, loft access, wood effect flooring.

**Living Room** 12' 9" x 12' 7" ( 3.89m x 3.84m )

Double glazed window to rear, double glazed patio doors leading to rear garden, two radiators, telephone point, coved ceiling,

**Kitchen** 14' 2" x 5' 4" ( 4.32m x 1.63m )

Fitted kitchen comprising a range of wall and base units, rolled edge work surfaces incorporating a 1�  bowl stainless steel sink/drainer, tiling to splash prone areas, integrated electric oven with inset electric hob and cookerhood, integral washing machine, space for fridge/freezer, coved ceiling, wood effect flooring.

**Bedroom One** 11' 8" x 11' 4" ( 3.56m x 3.45m )

Double glazed window to rear, radiator, television and telephone points, wood effect flooring.

**Bedroom Two** 9' 6" x 8' 10" ( 2.90m x 2.69m )

Double glazed window to rear, radiator, television and telephone points, wood effect flooring.

**Bathroom** 

Double glazed frosted window to rear, shower cubicle, pedestal wash hand basin, low level wc, tiling to splash prone areas, extractor fan, radiator, coved ceiling, wood effect flooring.

**Outside** 

**Parking** 

Large car park.

**Rear Garden** 

Enclosed by panel fencing, laid to lawn.

**Agents Note** 

A Menu of Care package is available including domestic services, meals, handyman and care given by fully trained care assistants.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

## Property Photos

- ![Photo](/listings/photos/29527017/520519)
- ![Photo](/listings/photos/29527017/520523)
- ![Photo](/listings/photos/29527017/520528)
- ![Photo](/listings/photos/29527017/520533)
- ![Photo](/listings/photos/29527017/520536)
- ![Photo](/listings/photos/29527017/520539)
- ![Photo](/listings/photos/29527017/520541)
- ![Photo](/listings/photos/29527017/520543)
- ![EPC](/listings/photos/29527017/520546) - EPC

## Floorplans

- ![Floorplan 1](/listings/photos/29527017/520548) - Floorplan 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £160,000 | 01/01/2020 | — |
|  | £215,000 | 01/01/2016 | — |
|  | £155,000 | 01/01/2002 | — |

## 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 |

**Street average:** £2,139,165 (8 sales)
**Area average:** £430,967 (15 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £429,547 (32 Detached, SP8, 2024–2026)
- **Deviation:** -63.9%

## 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 | 0.35 miles | OpenRent |
| 2 Bed Maisonette, Churchbury House, SP8 | £1,100/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Flat, Queen Street, SP8 | £1,150/mo | 2 | 0.35 miles | OpenRent |
| 2 Bed Terraced House, Ridgeway Road, SP8 | £1,200/mo | 2 | 0.58 miles | OpenRent |
| 2 Bed Terraced House, The Meadows, SP8 | £950/mo | 2 | 0.71 miles | OpenRent |
| 2 Bed Bungalow, Hilmar Drive, SP8 | £1,040/mo | 2 | 0.74 miles | OpenRent |
| 2 Bed Flat, Otter Springs, SP8 | £735/mo | 2 | 0.81 miles | OpenRent |

**Average rent: £1,024/mo (7 listings)**

## 1% Rule

- **Rent ratio:** 0.67% (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:** 8.1%
- **Cost-to-rent:** 12.4×
- **Monthly cashflow:** £301/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8%

*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).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 20.7%
- **10y growth:** 71.1%

## 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)