15, IRIS CLOSE, CHATHAM, ME5 9QD - £250,000

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.

15 IRIS CLOSE is a very small terraced house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £292,669. It was last sold for £250,000 in January 2018, which was around 1% below the average January 2018 terraced price in the Maidstone local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

15 IRIS CLOSE Sold Prices

Land registry data shows seven sales for 15 IRIS CLOSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the Maidstone local authority area for the corresponding sale date. The seven 15 IRIS CLOSE sales were a mix of below the average price, roughly equal to the average price, and above 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
2018 18 JAN	£250,000	£253,736	1% below HPI
2014 15 AUG	£180,000	£197,278	9% below HPI
2007 12 OCT	£175,000	£188,209	7% below HPI
2003 12 DEC	£143,500	£140,886	2% above HPI
2000 15 JUN	£81,250	£86,231	6% below HPI
1999 30 APR	£66,500	£69,903	5% below HPI
1996 11 JAN	£55,000	£54,870	Close to HPI

15 IRIS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Maidstone local authority area over time, sourced from the HPI. The seven 15 IRIS CLOSE sales between January 1996 and January 2018 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 2014 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 15 IRIS CLOSE be worth now?

15 IRIS CLOSE might now be worth an estimated £292,669.

This is based on house price inflation of 17.1%, between January 2018 and April 2026, for terraced houses, in the Maidstone local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 15 IRIS CLOSE of £250,000 on 18th January 2018. For the value to have increased from £250,000 to £292,669 over the seven years and nine months to April 2026, the following assumptions must hold true:

• The value of 15 IRIS CLOSE has moved in line with the HPI for terraced houses in the Maidstone local authority area.
• The January 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 15 IRIS CLOSE has not materially changed since January 2018.

How Large is 15 IRIS CLOSE?

15 IRIS CLOSE is 57m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of terraced houses houses in Chatham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chatham, and where 15 IRIS CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 15 IRIS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatham.

15 IRIS CLOSE: Plot and Title Map

15 IRIS CLOSE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 15 IRIS 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 15 IRIS 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 15 IRIS CLOSE?

15 IRIS CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 15 on IRIS CLOSE.