34, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £175,500

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 RESOLUTION CLOSE is a very small terraced house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £202,060. It was last sold for £175,500 in April 2021, which was around 25% below the average April 2021 terraced price in the Medway local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was A.

34 RESOLUTION CLOSE Sold Prices

Land registry data shows six sales for 34 RESOLUTION 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 Medway local authority area for the corresponding sale date. All of the six 34 RESOLUTION 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
2021 9 APR	£175,500	£234,524	25% below HPI
2016 22 APR	£137,500	£194,629	29% below HPI
2007 26 JUL	£124,000	£150,808	18% below HPI
2006 20 OCT	£113,000	£142,278	21% below HPI
2004 10 SEP	£95,000	£130,968	27% below HPI
1997 23 DEC	£30,000	£47,053	36% below HPI

34 RESOLUTION CLOSE 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 six 34 RESOLUTION CLOSE sales between December 1997 and April 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 April 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2021 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 34 RESOLUTION CLOSE be worth now?

34 RESOLUTION CLOSE might now be worth an estimated £202,060.

This is based on house price inflation of 15.1%, between April 2021 and June 2025, 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 15.1% inflationary increase is applied to the most recent sale price for 34 RESOLUTION CLOSE of £175,500 on 9th April 2021. For the value to have increased from £175,500 to £202,060 over the three years and ten months to June 2025, the following assumptions must hold true:

• The value of 34 RESOLUTION CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The April 2021 sale price of £175,500 represented a fair market value for the property.
• The size, condition, and specification of 34 RESOLUTION CLOSE has not materially changed since April 2021.

How Large is 34 RESOLUTION CLOSE?

34 RESOLUTION CLOSE is 46m² according to the EPC inspection conducted in November 2020. 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 34 RESOLUTION CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 34 RESOLUTION CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Chatham.

34 RESOLUTION CLOSE: Plot and Title Map

34 RESOLUTION CLOSE sits on a plot of roughly 0.021 of an acre, or 86m². The below map shows the location of 34 RESOLUTION 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 RESOLUTION 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 RESOLUTION CLOSE?

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