8, ILLUSTRIOUS CLOSE, CHATHAM, ME5 7RW - £198,000

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.

8 ILLUSTRIOUS CLOSE is a very small terraced house of 44m², built sometime between 1991 and 1995, which could now be worth an estimated £246,534. It was last sold for £198,000 in November 2019, which was around 9% below the average November 2019 terraced price in the Medway local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

8 ILLUSTRIOUS CLOSE Sold Prices

Land registry data shows six sales for 8 ILLUSTRIOUS CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. All of the six 8 ILLUSTRIOUS CLOSE 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
2019 8 NOV	£198,000	£218,295	9% below HPI
2018 20 JUL	£189,000	£221,823	15% below HPI
2016 12 FEB	£160,000	£186,656	14% below HPI
2006 18 MAY	£112,000	£135,579	17% below HPI
2002 20 MAR	£67,500	£80,920	17% below HPI
1999 11 MAR	£36,500	£50,984	28% below HPI

8 ILLUSTRIOUS 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 six 8 ILLUSTRIOUS CLOSE sales between March 1999 and November 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 July 2018 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 8 ILLUSTRIOUS CLOSE be worth now?

8 ILLUSTRIOUS CLOSE might now be worth an estimated £246,534.

This is based on house price inflation of 24.5%, between November 2019 and April 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 24.5% inflationary increase is applied to the most recent sale price for 8 ILLUSTRIOUS CLOSE of £198,000 on 8th November 2019. For the value to have increased from £198,000 to £246,534 over the seven years and seven months to April 2026, the following assumptions must hold true:

• The value of 8 ILLUSTRIOUS CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The November 2019 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ILLUSTRIOUS CLOSE has not materially changed since November 2019.

How Large is 8 ILLUSTRIOUS CLOSE?

8 ILLUSTRIOUS CLOSE is 44m² according to the EPC inspection conducted in August 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 8 ILLUSTRIOUS CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 8 ILLUSTRIOUS CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chatham.

8 ILLUSTRIOUS CLOSE: Plot and Title Map

8 ILLUSTRIOUS CLOSE sits on a plot of roughly 0.030 of an acre, or 121m². The below map shows the location of 8 ILLUSTRIOUS 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 8 ILLUSTRIOUS 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 8 ILLUSTRIOUS CLOSE?

8 ILLUSTRIOUS CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 8 on ILLUSTRIOUS CLOSE.