7, THE SPINNEY, CHATHAM, ME5 9JP - £402,500

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.

7 THE SPINNEY is a small extended detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £455,491. It was last sold for £402,500 in June 2018, which was around 25% below the average June 2018 detached price in the Maidstone local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

7 THE SPINNEY Sold Prices

Land registry data shows two sales for 7 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Both of the two 7 THE SPINNEY 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
2018 19 JUN	£402,500	£539,829	25% below HPI
2004 4 JUN	£248,000	£317,254	22% below HPI

7 THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The two 7 THE SPINNEY sales from June 2004 and June 2018 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 June 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 THE SPINNEY be worth now?

7 THE SPINNEY might now be worth an estimated £455,491.

This is based on house price inflation of 13.2%, between June 2018 and May 2026, for detached houses, in the Maidstone local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.2% inflationary increase is applied to the most recent sale price for 7 THE SPINNEY of £402,500 on 19th June 2018. For the value to have increased from £402,500 to £455,491 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 7 THE SPINNEY has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The June 2018 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 7 THE SPINNEY has not materially changed since June 2018.

How Large is 7 THE SPINNEY?

7 THE SPINNEY is 95m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 40% of detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatham, and where 7 THE SPINNEY lies on this distribution: 30% of detached houses houses are smaller than 7 THE SPINNEY, and 69% of houses are larger. Note that EPC data is not available for all properties in Chatham.

7 THE SPINNEY: Plot and Title Map

7 THE SPINNEY sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 7 THE SPINNEY, 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 7 THE SPINNEY). 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 7 THE SPINNEY?

7 THE SPINNEY is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 7 on THE SPINNEY.