7K, SMITH ROAD, CHATHAM, ME5 8DR - £240,000

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.

7K SMITH ROAD is a small extended semi-detached house of 86m², built sometime between 1991 and 1995, which could now be worth an estimated £355,190. It was last sold for £240,000 in January 2016, which was around 2% above the average January 2016 semi-detached price in the Medway local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

7K SMITH ROAD Sold Prices

Land registry data shows three sales for 7K SMITH ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the three 7K SMITH ROAD 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
2016 28 JAN	£240,000	£234,770	2% above HPI
2012 16 FEB	£170,000	£167,787	1% above HPI
2007 9 FEB	£182,000	£179,540	1% above HPI

7K SMITH ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The three 7K SMITH ROAD sales between February 2007 and January 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 February 2012 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2016 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 7K SMITH ROAD be worth now?

7K SMITH ROAD might now be worth an estimated £355,190.

This is based on house price inflation of 48%, between January 2016 and May 2026, for semi-detached 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 48% inflationary increase is applied to the most recent sale price for 7K SMITH ROAD of £240,000 on 28th January 2016. For the value to have increased from £240,000 to £355,190 over the nine years and eight months to May 2026, the following assumptions must hold true:

• The value of 7K SMITH ROAD has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The January 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7K SMITH ROAD has not materially changed since January 2016.

How Large is 7K SMITH ROAD?

7K SMITH ROAD is 86m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% of semi-detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chatham, and where 7K SMITH ROAD lies on this distribution: 20% of semi-detached houses houses are smaller than 7K SMITH ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Chatham.

7K SMITH ROAD: Plot and Title Map

7K SMITH ROAD sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 7K SMITH 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 7K SMITH 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 7K SMITH ROAD?

7K SMITH ROAD is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 7K on SMITH ROAD.