48, REDWING ROAD, CHATHAM, ME5 7TH - £260,000

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.

48 REDWING ROAD is a very small terraced house of 52m², built sometime between 1991 and 1995, which could now be worth an estimated £287,580. It was last sold for £260,000 in September 2021, which was around 7% above the average September 2021 terraced price in the Medway local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

48 REDWING ROAD Sold Prices

Land registry data shows four sales for 48 REDWING ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Two of the four 48 REDWING ROAD sales were for above the average price, whilst one was 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 13 SEP	£260,000	£244,050	7% above HPI
2016 18 MAR	£189,100	£188,979	Close to HPI
2009 13 JUL	£120,000	£125,038	4% below HPI
1997 12 SEP	£49,000	£46,644	5% above HPI

48 REDWING ROAD 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 four 48 REDWING ROAD sales between September 1997 and September 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 March 2016 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 48 REDWING ROAD be worth now?

48 REDWING ROAD might now be worth an estimated £287,580.

This is based on house price inflation of 10.6%, between September 2021 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 10.6% inflationary increase is applied to the most recent sale price for 48 REDWING ROAD of £260,000 on 13th September 2021. For the value to have increased from £260,000 to £287,580 over the five years and four months to May 2026, the following assumptions must hold true:

• The value of 48 REDWING ROAD has moved in line with the HPI for terraced houses in the Medway local authority area.
• The September 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 48 REDWING ROAD has not materially changed since September 2021.

How Large is 48 REDWING ROAD?

48 REDWING ROAD is 52m² according to the EPC inspection conducted in June 2015. 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 48 REDWING ROAD lies on this distribution: 1% of terraced houses houses are smaller than 48 REDWING ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Chatham.

48 REDWING ROAD: Plot and Title Map

48 REDWING ROAD sits on a plot of roughly 0.021 of an acre, or 83m². The below map shows the location of 48 REDWING ROAD, 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 48 REDWING ROAD). 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 48 REDWING ROAD?

48 REDWING ROAD is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 48 on REDWING ROAD.