1, MONARCH CLOSE, CHATHAM, ME5 7PD - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MONARCH CLOSE is a very small semi-detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £276,561. It was last sold for £175,000 in July 2015, which was around 20% below the average July 2015 semi-detached price in the Medway local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

1 MONARCH CLOSE Sold Prices

Land registry data shows two sales for 1 MONARCH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. Both of the two 1 MONARCH CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 31 JUL	£175,000	£219,560	20% below HPI
2002 20 AUG	£94,995	£120,153	21% below HPI

1 MONARCH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The two 1 MONARCH CLOSE sales from August 2002 and July 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2002 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 1 MONARCH CLOSE be worth now?

1 MONARCH CLOSE might now be worth an estimated £276,561.

This is based on house price inflation of 58%, between July 2015 and June 2025, for semi-detached houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58% inflationary increase is applied to the most recent sale price for 1 MONARCH CLOSE of £175,000 on 31st July 2015. For the value to have increased from £175,000 to £276,561 over the ten years and one month to June 2025, the following assumptions must hold true:

• The value of 1 MONARCH CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The July 2015 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MONARCH CLOSE has not materially changed since July 2015.

How Large is 1 MONARCH CLOSE?

1 MONARCH CLOSE is 71m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of semi-detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chatham, and where 1 MONARCH CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 1 MONARCH CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chatham.

1 MONARCH CLOSE: Plot and Title Map

1 MONARCH CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 1 MONARCH CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MONARCH CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MONARCH CLOSE?

1 MONARCH CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 1 on MONARCH CLOSE.