3, MERTON CLOSE, CHATHAM, ME5 8YX - £230,000

3 MERTON CLOSE is a small extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £230,000 in July 2017, which was around 45% below the average July 2017 detached price in the Medway local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

3 MERTON CLOSE Sold Prices

Land registry data shows two sales for 3 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 3 MERTON 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
2017 17 JUL	£230,000	£415,813	45% below HPI
2002 17 APR	£162,000	£175,436	8% below HPI

3 MERTON 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 two 3 MERTON CLOSE sales from April 2002 and July 2017 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 April 2002 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2017 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 3 MERTON CLOSE?

3 MERTON CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 3 MERTON CLOSE lies on this distribution: 34% of detached houses are smaller than 3 MERTON CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Chatham.

3 MERTON CLOSE: Plot and Title Map

3 MERTON CLOSE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 3 MERTON 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 3 MERTON 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 3 MERTON CLOSE?

3 MERTON CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 3 on MERTON CLOSE.