42, MONARCH CLOSE, CHATHAM, ME5 7PD - £286,500

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.

42 MONARCH CLOSE is a very small terraced house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £293,895. It was last sold for £286,500 in June 2023, which was around 9% above the average June 2023 terraced price in the Medway local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

42 MONARCH CLOSE Sold Prices

Land registry data shows two sales for 42 MONARCH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Both of the two 42 MONARCH CLOSE sales were 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
2023 29 JUN	£286,500	£263,146	9% above HPI
2020 1 MAY	£230,000	£217,912	6% above HPI

42 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 two 42 MONARCH CLOSE sales from May 2020 and June 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 May 2020 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2023 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 42 MONARCH CLOSE be worth now?

42 MONARCH CLOSE might now be worth an estimated £293,895.

This is based on house price inflation of 2.6%, between June 2023 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 2.6% inflationary increase is applied to the most recent sale price for 42 MONARCH CLOSE of £286,500 on 29th June 2023. For the value to have increased from £286,500 to £293,895 over the three years and one month to May 2026, the following assumptions must hold true:

• The value of 42 MONARCH CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The June 2023 sale price of £286,500 represented a fair market value for the property.
• The size, condition, and specification of 42 MONARCH CLOSE has not materially changed since June 2023.

How Large is 42 MONARCH CLOSE?

42 MONARCH CLOSE is 56m² according to the EPC inspection conducted in February 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 42 MONARCH CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 42 MONARCH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatham.

42 MONARCH CLOSE: Plot and Title Map

42 MONARCH CLOSE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 42 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 42 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 42 MONARCH CLOSE?

42 MONARCH CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 42 on MONARCH CLOSE.