2, SHANKLIN CLOSE, CHATHAM, ME5 7QL - £125,995

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.

2 SHANKLIN CLOSE is a small terraced house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £254,070. It was last sold for £125,995 in March 2011, which was around 6% below the average March 2011 terraced price in the Medway local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

2 SHANKLIN CLOSE Sold Prices

Land registry data shows two sales for 2 SHANKLIN 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 2 SHANKLIN 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
2011 17 MAR	£125,995	£133,864	6% below HPI
2002 5 JUL	£83,000	£88,401	6% below HPI

2 SHANKLIN 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 2 SHANKLIN CLOSE sales from July 2002 and March 2011 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 July 2002 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2011 sale, which was also at 6% below the HPI.

What might 2 SHANKLIN CLOSE be worth now?

2 SHANKLIN CLOSE might now be worth an estimated £254,070.

This is based on house price inflation of 101.7%, between March 2011 and May 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 101.7% inflationary increase is applied to the most recent sale price for 2 SHANKLIN CLOSE of £125,995 on 17th March 2011. For the value to have increased from £125,995 to £254,070 over the fourteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 SHANKLIN CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The March 2011 sale price of £125,995 represented a fair market value for the property.
• The size, condition, and specification of 2 SHANKLIN CLOSE has not materially changed since March 2011.

How Large is 2 SHANKLIN CLOSE?

2 SHANKLIN CLOSE is 86m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 30% 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 2 SHANKLIN CLOSE lies on this distribution: 20% of terraced houses houses are smaller than 2 SHANKLIN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 SHANKLIN CLOSE: Plot and Title Map

2 SHANKLIN CLOSE sits on a plot of roughly 0.030 of an acre, or 122m². The below map shows the location of 2 SHANKLIN 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 2 SHANKLIN 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 2 SHANKLIN CLOSE?

2 SHANKLIN CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 2 on SHANKLIN CLOSE.