16, ILLUSTRIOUS CLOSE, CHATHAM, ME5 7RW - £120,000

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.

16 ILLUSTRIOUS CLOSE is a terraced house, which could now be worth an estimated £246,519. It was last sold for £120,000 in May 2005, which was around 9% below the average May 2005 terraced price in the Medway local authority area.

16 ILLUSTRIOUS CLOSE Sold Prices

Land registry data shows three sales for 16 ILLUSTRIOUS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. All of the three 16 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
2005 27 MAY	£120,000	£131,400	9% below HPI
2003 14 MAR	£97,000	£102,185	5% below HPI
1999 27 AUG	£46,995	£53,604	12% below HPI

What might 16 ILLUSTRIOUS CLOSE be worth now?

16 ILLUSTRIOUS CLOSE might now be worth an estimated £246,519.

This is based on house price inflation of 105.4%, between May 2005 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 105.4% inflationary increase is applied to the most recent sale price for 16 ILLUSTRIOUS CLOSE of £120,000 on 27th May 2005. For the value to have increased from £120,000 to £246,519 over the 21 years to May 2026, the following assumptions must hold true:

• The value of 16 ILLUSTRIOUS CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The May 2005 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ILLUSTRIOUS CLOSE has not materially changed since May 2005.

Where is 16 ILLUSTRIOUS CLOSE?

16 ILLUSTRIOUS CLOSE is located in CHATHAM, in the ME5 postcode district.