16, CHEVENING CLOSE, CHATHAM, ME5 7PZ - £280,000

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.

16 CHEVENING CLOSE is a midsized extended terraced house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £468,955. It was last sold for £280,000 in March 2015, which was around 71% above the average March 2015 terraced price in the Medway local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

16 CHEVENING CLOSE Sold Prices

Land registry data shows two sales for 16 CHEVENING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Both of the two 16 CHEVENING CLOSE sales were for 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
2015 16 MAR	£280,000	£164,112	71% above HPI
1995 16 JUN	£60,000	£40,763	47% above HPI

16 CHEVENING CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The two 16 CHEVENING CLOSE sales from June 1995 and March 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 June 1995 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the March 2015 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might 16 CHEVENING CLOSE be worth now?

16 CHEVENING CLOSE might now be worth an estimated £468,955.

This is based on house price inflation of 67.5%, between March 2015 and March 2026, for terraced 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 67.5% inflationary increase is applied to the most recent sale price for 16 CHEVENING CLOSE of £280,000 on 16th March 2015. For the value to have increased from £280,000 to £468,955 over the eleven years to March 2026, the following assumptions must hold true:

• The value of 16 CHEVENING CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The March 2015 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CHEVENING CLOSE has not materially changed since March 2015.

How Large is 16 CHEVENING CLOSE?

16 CHEVENING CLOSE is 120m², which includes three extensions, according to the EPC inspection conducted in October 2014. This puts it in the largest 50% 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 16 CHEVENING CLOSE lies on this distribution: 59% of terraced houses houses are smaller than 16 CHEVENING CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Chatham.

16 CHEVENING CLOSE: Plot and Title Map

16 CHEVENING CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 16 CHEVENING 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 16 CHEVENING 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 16 CHEVENING CLOSE?

16 CHEVENING CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 16 on CHEVENING CLOSE.