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GBdamo

Gillingham, Dorset

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How do you gauge the stupidity of people? The link is at the bottom but let me rant first.

Gillingham is a small town (Pop. c15000) the nearest large cities are Bristol and Bournemouth both well over an hour away by car. There are Salisbury and Yeovil, 40 mins by car and 30 by train.

It does have a Waitrose and Somerfield and that is it other than local shops the vast majority of which are EAs and charity shops.

There are only two major employers in town which between them account for c500 jobs. And this development overlooks the estate that both companies are sited on (not shown in RMs pictures but can be seen from Google map)

Read the BS below

"Nexus reflects a fresh, contemporary step forward for apartments in Gillingham. A bold departure from its surroundings, proposing to offer a standard and style of living never before available in this popular bustling town. Realised with stunning architectural flair and cutting edge interior design the apartments at Nexus have been specified to create a truly unique interior and contemporary living environment in Gillingham. Few properties embody a uniqueness of architectural form more dramatically than Nexus. A landmark building for Gillingham, this totally unique development of twenty 1 and 2 bedroom apartments has been built and specified to provide the ultimate modern lifestyle for those living in this beautiful part of North Dorset. Situated just ten minutes walk from the railway station and fifteen minutes from the town centre, Nexus is ideally located for shopping, the leisure centre and other comprehensive amenities Gillingham has to offer."

"A bold departure from its surroundings."

Read, sticks out like a bulldogs Bo**ocks.

"Realised with stunning architectural flair."

Judge for yourselves.

"A landmark building for Gillingham."

So much so its stuck out on the edge of town oposite an industrial estate.

"Nexus is ideally located for shopping."

Point conceded.

",the leisure centre and other comprehensive amenities"

The liesure center is due to close, before it collapses. And there is next to nothing else there.

http://www.rightmove.co.uk/viewdetails-172...=1&tr_t=buy

Yes thats right £174,995 for a 2 bed flat in the **** end of nowhere. Looking at nethouseprices only 9 of the 20 sold and these were all in August 2007, link below.

http://www.nethouseprices.com/index.php?co...mp;pcsaCode=SP8

Now, it looks to me these all completed in August and were probably bought off plan (BTL?) the highest price achieved for any of them was £156,995. It also looks like two block sales.

I work on the estate oposite and have never seen any lights on in the properties you can see from the road so I would imagine they are mostly vacant.

Any guesses on what they will be worth this time next year? I'm going for £60,000 for the 1 beds and £80,000 for the 2 beds. FFS these are starter holmes in a town where the average wage cannot be over £18,000.

Fistly they'd have to be that price for any FTBer to get a mortgage on them and secondly the rental market does not suppert the kind of rents that would have to be charged to make them a viable BTL 'investment' (as you can forget capital growth for the next 10 years). I live in a huge 3 bed flat in the town center and pay £500 a month in rent, I will not be paying the 'upwards of £575' that they are asking.

I'll have to stop now, me blood pressure is rocketing.

Damo

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How do you gauge the stupidity of people? The link is at the bottom but let me rant first.

Gillingham is a small town (Pop. c15000) the nearest large cities are Bristol and Bournemouth both well over an hour away by car. There are Salisbury and Yeovil, 40 mins by car and 30 by train.

It does have a Waitrose and Somerfield and that is it other than local shops the vast majority of which are EAs and charity shops.

There are only two major employers in town which between them account for c500 jobs. And this development overlooks the estate that both companies are sited on (not shown in RMs pictures but can be seen from Google map)

Read the BS below

"Nexus reflects a fresh, contemporary step forward for apartments in Gillingham. A bold departure from its surroundings, proposing to offer a standard and style of living never before available in this popular bustling town. Realised with stunning architectural flair and cutting edge interior design the apartments at Nexus have been specified to create a truly unique interior and contemporary living environment in Gillingham. Few properties embody a uniqueness of architectural form more dramatically than Nexus. A landmark building for Gillingham, this totally unique development of twenty 1 and 2 bedroom apartments has been built and specified to provide the ultimate modern lifestyle for those living in this beautiful part of North Dorset. Situated just ten minutes walk from the railway station and fifteen minutes from the town centre, Nexus is ideally located for shopping, the leisure centre and other comprehensive amenities Gillingham has to offer."

"A bold departure from its surroundings."

Read, sticks out like a bulldogs Bo**ocks.

"Realised with stunning architectural flair."

Judge for yourselves.

"A landmark building for Gillingham."

So much so its stuck out on the edge of town oposite an industrial estate.

"Nexus is ideally located for shopping."

Point conceded.

",the leisure centre and other comprehensive amenities"

The liesure center is due to close, before it collapses. And there is next to nothing else there.

http://www.rightmove.co.uk/viewdetails-172...=1&tr_t=buy

Yes thats right £174,995 for a 2 bed flat in the **** end of nowhere. Looking at nethouseprices only 9 of the 20 sold and these were all in August 2007, link below.

http://www.nethouseprices.com/index.php?co...mp;pcsaCode=SP8

Now, it looks to me these all completed in August and were probably bought off plan (BTL?) the highest price achieved for any of them was £156,995. It also looks like two block sales.

I work on the estate oposite and have never seen any lights on in the properties you can see from the road so I would imagine they are mostly vacant.

Any guesses on what they will be worth this time next year? I'm going for £60,000 for the 1 beds and £80,000 for the 2 beds. FFS these are starter holmes in a town where the average wage cannot be over £18,000.

Fistly they'd have to be that price for any FTBer to get a mortgage on them and secondly the rental market does not suppert the kind of rents that would have to be charged to make them a viable BTL 'investment' (as you can forget capital growth for the next 10 years). I live in a huge 3 bed flat in the town center and pay £500 a month in rent, I will not be paying the 'upwards of £575' that they are asking.

I'll have to stop now, me blood pressure is rocketing.

Damo

Nice posting full of detail, and with an admirable seasoning of outrage. Pity about that leisure centre. When the flats get down to 80 grand let us know!

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Nice posting full of detail, and with an admirable seasoning of outrage. Pity about that leisure centre. When the flats get down to 80 grand let us know!

Cheers mate, more theropy than expecitng a reply, just good to get these things off your chest.

By the way, still overpriced in my opinion, this is the competition. You could fit the Nexus 'Luxury' appartment into the lounge of this one.

http://www.rightmove.co.uk/viewdetails-191...=2&tr_t=buy

Also has ensuit and doesn't overlook an industrial estate.

Damo

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We're looking in the area for our next home (downsized from London). Liked Shaftesbury (but WINDY!!), however, Gillingham struck us as a hole useful only for having a rail station.

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We're looking in the area for our next home (downsized from London). Liked Shaftesbury (but WINDY!!), however, Gillingham struck us as a hole useful only for having a rail station.

thats not too far from the truth, Shaftesbury is not too bad but whatever the weather it is always worse up there. Have you looked at Sherbourne nicer imo but it's a bit more expensive though.

Damo

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I'm so glad I found this thread and it's not just me who finds this Nexus development a laugh. The only good things about Gillingham are Waitrose and proximity to the A303. It is North Dorset's housing stock dumping ground, but then another 700+ houses are now earmarked for Shaftesbury too.

"We're looking in the area for our next home (downsized from London). Liked Shaftesbury (but WINDY!!), however, Gillingham struck us as a hole useful only for having a rail station."

Hi cartimandua51 - it's much smaller than Gillingham and Shaftesbury, but have you considered Tisbury? Main line station to London, and it's been compared by friends who have moved there from London to Trumpton (as in Hugh, Hugh, Barley, McGrew etc). Too small for some but others like it.

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I'm so glad I found this thread and it's not just me who finds this Nexus development a laugh. The only good things about Gillingham are Waitrose and proximity to the A303. It is North Dorset's housing stock dumping ground, but then another 700+ houses are now earmarked for Shaftesbury too.

Not followed this one for a wihile but have been doing some digging around on the land reg. for sales it the SP8 post code check these out.

Month, yerar, Volume, Value

November, 2006, 39, 7850260

December, 2006, 53, 10083142

January, 2007, 41, 7875750

February, 2007, 29, 5786100

March, 2007, 31, 5553350

April, 2007, 57, 11825050

May, 2007, 42, 9147295

June, 2007, 28, 5605400

July, 2007, 46, 12196150

August, 2007, 56, 11098409

September, 2007, 33, 6626950

October, 2007, 33, 7196949

November, 2007, 32, 8218879

December, 2007, 19, 3726500

January, 2008, 10, 2098000

November volumes, YoY, down 20%

December volumes, YoY, down 67%

January volume, YoY, down 76%

Spotting a trend yet? Havn't really seen any big price drops as yet but with these kind of volume you can bet your life the EAs will be putting the pressure on.

Damo

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February numbers in

Month, yerar, Volume, Value

November, 2006, 39, 7850260

December, 2006, 53, 10083142

January, 2007, 41, 7875750

February, 2007, 29, 5786100

March, 2007, 31, 5553350

April, 2007, 57, 11825050

May, 2007, 42, 9147295

June, 2007, 28, 5605400

July, 2007, 46, 12196150

August, 2007, 56, 11098409

September, 2007, 33, 6626950

October, 2007, 33, 7196949

November, 2007, 32, 8218879

December, 2007, 19, 3726500

January, 2008, 10, 2098000

February, 2008, 3, 557000

November volumes, YoY, down 20%

December volumes, YoY, down 67%

January volume, YoY, down 76%

February volumes, YoY, down 90%

TBH there isn't much lower it can go, due to the low sales volumes average sale prices are near meaningless. EA must be pushing like mad for reductions now though.

Damo

Edit spelling

Edited by GBdamo

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Just to add that there are at least 8 EAs in Gillingham.

Dec-Feb 07 - 123 sales - totaling - £23,744,992

Dec-Feb 08 - 32 sales - totaling - £6,381,500

Now the SP8 post code covers a large area and there are similar numbers of EAs in the surrounding (I've spent half an hour searching rightmove and most of the non-SP8 locations are covered by EAs from other towns such as Wincanton, Shaftesbury, Salisbury, Sturminster Newton and Blandford).

Assuming a commision of 2% that would give £128,000 divided up amongst the 8 - £16,000 each or £5,300 Per month.

Dpropping from £19,800 Per month for the same three months last year.

Now the maths needs checking and the raw data is not perfect but the overall picture is EA earnings down 73% on last year.

Damo

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Is the last post on this thread really that long ago????? (thinks: what have I been doing with my life :blink: )

Went to do a supermarket run in Gillingham on Tuesday and God - the place is beginning to take on the air of a 1980s mining town. The whole row of shops by the Co-op is now empty, the Co-op itself has had a "de-vamp" and most of the fresh produce has gone to be replaced by loads more alcohol. The charity shops are full of crud that wouldn't even shift at a jumble sale for a few pence. I've noticed Waitrose seem to hold much less stock of the fresh stuff now - most of the stuff in the chiller cabinets is only stocked 1 deep at the front of the shelf - they used to carry far more stock back in the day.

Glanced in a couple of estate agents windows and actually get the sense that some property is returning to fairer price - most of it is still insanely overpriced but some of the recent build stuff is looking more like it - i.e there was one 3 bed detached £135k "all offers considered" in Hambleton's window (although not on rightmove). One bed flats starting at about £55K now.

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Intrigued to see a thread on Gillers!

Back in 2005/6 I took a really good look at Gillingham as a newbie to the SW. Looked around some newish ground floor flats on the ring road, thank God I had some sense and bailed, going for Salisbury instead.

Totally underwhelmed by the town; I simply can't fathom its raison d'être aside from dumping resi targets from Dorset Structure Plans. Shaftesbury is lovely but is, what, 500ft above the Blackmore Vale losing you at least a couple of degrees of temperature, not to mention the wind. Mere is IMHO the best of the towns around there with some real character and marginally more accessible- but few facilities to speak of...

Out of interest, does anybody know anything about Motcombe? Keep seeing largish newish houses there for apparently reasonable prices, but presumably there is a downside.

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I think the reputation of the school has had a lot to do with it - I've heard of people upping sticks even from London and choosing to commute from Gillingham instead so that they could get their kids into a free "outstanding" non-selective secondary school.

Out of interest, does anybody know anything about Motcombe? Keep seeing largish newish houses there for apparently reasonable prices, but presumably there is a downside.

It's a little ribbon village between Shaftesbury and Gillingham. A few nice period properties, lots of 80s/90s/00s modern housing. A primary school and community shop that's rather good actually, one active pub at present. It's functional and untwee - roads out to Shaftesbury and A350 are winding and dangerous. Home of Port Regus private school - so lots of noxious over- entitled types driving around the narrow roads in oversize prestige vehicles with complete disregard for local kiddies walking to/from the village primary school.

It's OK - other the narrow access roads the only downside is it's proximity to glorious Gillingham.

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I live in Gillingham.

I commute to London twice a week. I had enough of rent hikes in nth London. The station is fairly busy, even at 6.12 in the morning!

I think if you factor in the direct line to London (2hours) and the school, then Gill, in places, offers realistic value for working people to get going on the housing ladder.

Really what every town should be offering young working people.

I'm a native of Dorset, grew up in a village near Blandford.

Every town in Dorset Wilts etc has its edge.

It always makes me laugh, having spent 25 years in East London, to see the attitude of some of the Dorset kids. They would be eaten alive in Walthamstow!!

Seen plenty of trouble in Shaftesbury and Blandford in my time. So Gillingham is far from unique where thats concerned.

I've never been near Legends (too old now anyway) as i've heard plenty about the rucks that go on there, and actually saw first hand what a bouncer did to a mate about 5 years ago.

It has its ups and its downs. The local Co-Op got burned out last week.

Saw quite a few plod about town after that.

Dont know if theres any thing suspicious about that fire.

I moved to Gill cos i loved the house i bought. It happened to be in Gillingham. Cest la vie.

I never ever aspired to live here, but its liveable and will do for now.

The main problem is lack of decent shops. Theres a decent bike shop and a decent sports shop, but indies always seem to struggle.

Other than supermarkets there are no big national chains to speak of.

Also, WHATEVER YOU DO, DO NOT TAKE THE LAST TRAIN FROM WATERLOO ON A FRIDAY NIGHT.

When you get to Salisbury at around 11pm, you will see why. Complete anarchy.

Ive seen some things man.......

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We're looking in the area for our next home (downsized from London). Liked Shaftesbury (but WINDY!!), however, Gillingham struck us as a hole useful only for having a rail station.

I was there a few years back taking photos for a travel website. Really had to look hard to find anything worth taking a picture of - looks like I used 4 (http://www.dorsets.co.uk/photos/gillingham-photos.htm). Stones throw in any direction from these pics it really was pretty grim.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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