41, MONARCH CLOSE, CHATHAM, ME5 7PD - £195,000

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.

41 MONARCH CLOSE is a very small terraced house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £256,327. It was last sold for £195,000 in December 2016, which was around 5% below the average December 2016 terraced price in the Medway local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

41 MONARCH CLOSE Sold Prices

Land registry data shows three sales for 41 MONARCH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Two of the three 41 MONARCH CLOSE sales were for below the average price, whilst one was for above 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
2016 21 DEC	£195,000	£205,414	5% below HPI
2014 4 APR	£149,995	£151,176	1% below HPI
1998 27 NOV	£53,000	£50,593	5% above HPI

41 MONARCH 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 three 41 MONARCH CLOSE sales between November 1998 and December 2016 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 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 41 MONARCH CLOSE be worth now?

41 MONARCH CLOSE might now be worth an estimated £256,327.

This is based on house price inflation of 31.4%, between December 2016 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 31.4% inflationary increase is applied to the most recent sale price for 41 MONARCH CLOSE of £195,000 on 21st December 2016. For the value to have increased from £195,000 to £256,327 over the nine years and six months to June 2025, the following assumptions must hold true:

• The value of 41 MONARCH CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The December 2016 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 41 MONARCH CLOSE has not materially changed since December 2016.

How Large is 41 MONARCH CLOSE?

41 MONARCH CLOSE is 57m² according to the EPC inspection conducted in October 2013. 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 41 MONARCH CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 41 MONARCH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatham.

41 MONARCH CLOSE: Plot and Title Map

41 MONARCH CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 41 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 41 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 41 MONARCH CLOSE?

41 MONARCH CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 41 on MONARCH CLOSE.