27, MILL LANE, CHATHAM, ME5 0BA - £235,000

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.

27 MILL LANE is a very small semi-detached house of 60m², built sometime between 1950 and 1966, which could now be worth an estimated £285,867. It was last sold for £235,000 in December 2018, which was around 18% below the average December 2018 semi-detached price in the Medway local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

27 MILL LANE Sold Prices

Land registry data shows two sales for 27 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. Both of the two 27 MILL LANE 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 12 DEC	£235,000	£285,625	18% below HPI
2014 31 OCT	£158,000	£208,294	24% below HPI

27 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The two 27 MILL LANE sales from October 2014 and December 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 October 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 27 MILL LANE be worth now?

27 MILL LANE might now be worth an estimated £285,867.

This is based on house price inflation of 21.6%, between December 2018 and May 2026, for semi-detached 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 21.6% inflationary increase is applied to the most recent sale price for 27 MILL LANE of £235,000 on 12th December 2018. For the value to have increased from £235,000 to £285,867 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 27 MILL LANE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The December 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 27 MILL LANE has not materially changed since December 2018.

How Large is 27 MILL LANE?

27 MILL LANE is 60m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% 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 27 MILL LANE lies on this distribution: 3% of semi-detached houses houses are smaller than 27 MILL LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chatham.

27 MILL LANE: Plot and Title Map

27 MILL LANE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 27 MILL LANE, 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 27 MILL LANE). 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 27 MILL LANE?

27 MILL LANE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 27 on MILL LANE.