27, SMITH ROAD, CHATHAM, ME5 8DR - £193,000

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 SMITH ROAD is a very small terraced house of 64m², built sometime between 1930 and 1949, which could now be worth an estimated £215,046. It was last sold for £193,000 in August 2021, which was around 20% below the average August 2021 terraced price in the Medway local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was C.

27 SMITH ROAD Sold Prices

Land registry data shows four sales for 27 SMITH ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. All of the four 27 SMITH ROAD 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 20 AUG	£193,000	£242,265	20% below HPI
2017 18 DEC	£172,000	£217,678	21% below HPI
2008 14 FEB	£135,000	£151,420	11% below HPI
1999 5 NOV	£41,500	£57,572	28% below HPI

27 SMITH ROAD 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 four 27 SMITH ROAD sales between November 1999 and August 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 December 2017 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 27 SMITH ROAD be worth now?

27 SMITH ROAD might now be worth an estimated £215,046.

This is based on house price inflation of 11.4%, between August 2021 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 11.4% inflationary increase is applied to the most recent sale price for 27 SMITH ROAD of £193,000 on 20th August 2021. For the value to have increased from £193,000 to £215,046 over the five years and three months to May 2026, the following assumptions must hold true:

• The value of 27 SMITH ROAD has moved in line with the HPI for terraced houses in the Medway local authority area.
• The August 2021 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of 27 SMITH ROAD has not materially changed since August 2021.

How Large is 27 SMITH ROAD?

27 SMITH ROAD is 64m² according to the EPC inspection conducted in August 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 27 SMITH ROAD lies on this distribution: 4% of terraced houses houses are smaller than 27 SMITH ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Chatham.

27 SMITH ROAD: Plot and Title Map

27 SMITH ROAD sits on a plot of roughly 0.208 of an acre, or 841m². The below map shows the location of 27 SMITH ROAD, 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 SMITH ROAD). 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 SMITH ROAD?

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