24, COLCHESTER CLOSE, CHATHAM, ME5 0HQ - £280,000

24 COLCHESTER CLOSE is a very small detached house of 60m², built sometime between 1991 and 1995. It was last sold for £280,000 in June 2021, which was around 38% below the average June 2021 detached price in the Medway local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

24 COLCHESTER CLOSE Sold Prices

Land registry data shows three sales for 24 COLCHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 24 COLCHESTER 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
2021 29 JUN	£280,000	£450,499	38% below HPI
2000 6 MAR	£74,000	£124,469	41% below HPI
1998 27 NOV	£66,000	£106,741	38% below HPI

24 COLCHESTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Medway local authority area over time, sourced from the HPI. The three 24 COLCHESTER CLOSE sales between November 1998 and June 2021 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 March 2000 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the June 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 24 COLCHESTER CLOSE?

24 COLCHESTER CLOSE is 60m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 24 COLCHESTER CLOSE lies on this distribution: 3% of detached houses are smaller than 24 COLCHESTER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chatham.

24 COLCHESTER CLOSE: Plot and Title Map

24 COLCHESTER CLOSE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 24 COLCHESTER 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 24 COLCHESTER 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 24 COLCHESTER CLOSE?

24 COLCHESTER CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 24 on COLCHESTER CLOSE.