8, WEY CLOSE, CHATHAM, ME5 8JW - £507,000

8 WEY CLOSE is a very large extended detached house of 153m², built sometime between 1983 and 1990. It was last sold for £507,000 in September 2021, which was around 9% above the average September 2021 detached price in the Medway local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

8 WEY CLOSE Sold Prices

Land registry data shows two sales for 8 WEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 8 WEY CLOSE 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
2021 9 SEP	£507,000	£463,458	9% above HPI
2007 9 FEB	£270,000	£263,941	2% above HPI

8 WEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Medway local authority area over time, sourced from the HPI. The two 8 WEY CLOSE sales from February 2007 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 February 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the September 2021 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 8 WEY CLOSE?

8 WEY CLOSE is 153m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 8 WEY CLOSE lies on this distribution: 80% of detached houses are smaller than 8 WEY CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Chatham.

8 WEY CLOSE: Plot and Title Map

8 WEY CLOSE sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of 8 WEY 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 WEY 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 WEY CLOSE?

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