24, VIOLET CLOSE, CHATHAM, ME5 9ND - £295,000

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.

24 VIOLET CLOSE is a very small terraced house of 59m², built sometime between 1983 and 1990, which could now be worth an estimated £292,950. It was last sold for £295,000 in September 2022, which was around 1% below the average September 2022 terraced price in the Maidstone local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

24 VIOLET CLOSE Sold Prices

Land registry data shows six sales for 24 VIOLET CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Maidstone local authority area for the corresponding sale date. Most of the six 24 VIOLET 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
2022 9 SEP	£295,000	£297,358	1% below HPI
2020 7 MAY	£236,250	£244,612	3% below HPI
2017 3 NOV	£255,000	£247,590	3% above HPI
2004 18 JUN	£143,000	£150,811	5% below HPI
2001 31 AUG	£89,000	£95,470	7% below HPI
1997 30 MAY	£53,000	£58,604	10% below HPI

24 VIOLET 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 six 24 VIOLET CLOSE sales between May 1997 and September 2022 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 May 2020 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 24 VIOLET CLOSE be worth now?

24 VIOLET CLOSE might now be worth an estimated £292,950.

This is based on house price deflation of 0.7%, between September 2022 and July 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 0.7% deflationary decrease is applied to the most recent sale price for 24 VIOLET CLOSE of £295,000 on 9th September 2022. For the value to have decreased from £295,000 to £292,950 over the four years and two months to July 2026, the following assumptions must hold true:

• The value of 24 VIOLET CLOSE has moved in line with the HPI for terraced houses in the Maidstone local authority area.
• The September 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 24 VIOLET CLOSE has not materially changed since September 2022.

How Large is 24 VIOLET CLOSE?

24 VIOLET CLOSE is 59m² according to the EPC inspection conducted in June 2017. 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 24 VIOLET CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 24 VIOLET CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chatham.

24 VIOLET CLOSE: Plot and Title Map

24 VIOLET CLOSE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 24 VIOLET 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 VIOLET 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 VIOLET CLOSE?

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