15, OLIVINE CLOSE, CHATHAM, ME5 9NQ - £336,000

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 OLIVINE CLOSE is a small extended semi-detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £397,218. It was last sold for £336,000 in November 2018, which was around 2% above the average November 2018 semi-detached price in the Maidstone local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

15 OLIVINE CLOSE Sold Prices

Land registry data shows four sales for 15 OLIVINE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Maidstone local authority area for the corresponding sale date. Most of the four 15 OLIVINE 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
2018 27 NOV	£336,000	£328,173	2% above HPI
2013 25 FEB	£220,000	£224,015	2% below HPI
2001 9 APR	£84,000	£123,194	32% below HPI
1997 16 JAN	£45,000	£73,583	39% below HPI

15 OLIVINE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Maidstone local authority area over time, sourced from the HPI. The four 15 OLIVINE CLOSE sales between January 1997 and November 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 February 2013 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2018 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 15 OLIVINE CLOSE be worth now?

15 OLIVINE CLOSE might now be worth an estimated £397,218.

This is based on house price inflation of 18.2%, between November 2018 and February 2025, for semi-detached 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 18.2% inflationary increase is applied to the most recent sale price for 15 OLIVINE CLOSE of £336,000 on 27th November 2018. For the value to have increased from £336,000 to £397,218 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 OLIVINE CLOSE has moved in line with the HPI for semi-detached houses in the Maidstone local authority area.
• The November 2018 sale price of £336,000 represented a fair market value for the property.
• The size, condition, and specification of 15 OLIVINE CLOSE has not materially changed since November 2018.

How Large is 15 OLIVINE CLOSE?

15 OLIVINE CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% 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 15 OLIVINE CLOSE lies on this distribution: 27% of semi-detached houses houses are smaller than 15 OLIVINE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Chatham.

15 OLIVINE CLOSE: Plot and Title Map

15 OLIVINE CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 15 OLIVINE 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 OLIVINE 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 OLIVINE CLOSE?

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