71, REDWING ROAD, CHATHAM, ME5 7TH - £205,000

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.

71 REDWING ROAD is a very small terraced house of 26m², built sometime between 1983 and 1990, which could now be worth an estimated £252,420. It was last sold for £205,000 in February 2019, which was around 6% below the average February 2019 terraced price in the Medway local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was B.

71 REDWING ROAD Sold Prices

Land registry data shows four sales for 71 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 71 REDWING ROAD 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
2019 28 FEB	£205,000	£219,227	6% below HPI
2013 21 AUG	£142,500	£143,006	Close to HPI
2009 24 JUL	£120,500	£125,038	4% below HPI
2002 30 APR	£88,000	£81,811	8% above HPI

71 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 71 REDWING ROAD sales between April 2002 and February 2019 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 August 2013 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2019 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 71 REDWING ROAD be worth now?

71 REDWING ROAD might now be worth an estimated £252,420.

This is based on house price inflation of 23.1%, between February 2019 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 23.1% inflationary increase is applied to the most recent sale price for 71 REDWING ROAD of £205,000 on 28th February 2019. For the value to have increased from £205,000 to £252,420 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 71 REDWING ROAD has moved in line with the HPI for terraced houses in the Medway local authority area.
• The February 2019 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 71 REDWING ROAD has not materially changed since February 2019.

How Large is 71 REDWING ROAD?

71 REDWING ROAD is 26m² according to the EPC inspection conducted in May 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 71 REDWING ROAD lies on this distribution: Less than 1% of terraced houses houses are smaller than 71 REDWING ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chatham.

71 REDWING ROAD: Plot and Title Map

71 REDWING ROAD sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 71 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 71 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 71 REDWING ROAD?

71 REDWING ROAD is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 71 on REDWING ROAD.