34, MONARCH CLOSE, CHATHAM, ME5 7PD - £270,000

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.

34 MONARCH CLOSE is a very small semi-detached house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £273,332. It was last sold for £270,000 in July 2023, which was around 21% below the average July 2023 semi-detached price in the Medway local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

34 MONARCH CLOSE Sold Prices

Land registry data shows five sales for 34 MONARCH CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the five 34 MONARCH 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
2023 6 JUL	£270,000	£343,214	21% below HPI
2017 7 SEP	£215,000	£278,776	23% below HPI
2010 20 DEC	£131,000	£168,984	22% below HPI
2005 28 JAN	£128,000	£165,171	23% below HPI
1999 19 MAR	£37,470	£67,391	44% below HPI

34 MONARCH CLOSE 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 five 34 MONARCH CLOSE sales between March 1999 and July 2023 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 September 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 34 MONARCH CLOSE be worth now?

34 MONARCH CLOSE might now be worth an estimated £273,332.

This is based on house price inflation of 1.2%, between July 2023 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 1.2% inflationary increase is applied to the most recent sale price for 34 MONARCH CLOSE of £270,000 on 6th July 2023. For the value to have increased from £270,000 to £273,332 over the three years and two months to May 2026, the following assumptions must hold true:

• The value of 34 MONARCH CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The July 2023 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 34 MONARCH CLOSE has not materially changed since July 2023.

How Large is 34 MONARCH CLOSE?

34 MONARCH CLOSE is 58m² according to the EPC inspection conducted in May 2017. 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 34 MONARCH CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 34 MONARCH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatham.

34 MONARCH CLOSE: Plot and Title Map

34 MONARCH CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 34 MONARCH 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 34 MONARCH 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 34 MONARCH CLOSE?

34 MONARCH CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 34 on MONARCH CLOSE.