2, MONARCH CLOSE, CHATHAM, ME5 7PD - £134,000

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.

2 MONARCH CLOSE is a terraced house, which could now be worth an estimated £274,207. It was last sold for £134,000 in August 2005, which was around 2% above the average August 2005 terraced price in the Medway local authority area.

2 MONARCH CLOSE Sold Prices

Land registry data shows two sales for 2 MONARCH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. One of the two 2 MONARCH CLOSE sales was for above the average price, whilst the other was 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 22 AUG	£134,000	£131,914	2% above HPI
2004 13 JAN	£108,000	£116,034	7% below HPI

What might 2 MONARCH CLOSE be worth now?

2 MONARCH CLOSE might now be worth an estimated £274,207.

This is based on house price inflation of 104.6%, between August 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 104.6% inflationary increase is applied to the most recent sale price for 2 MONARCH CLOSE of £134,000 on 22nd August 2005. For the value to have increased from £134,000 to £274,207 over the 21 years and three months to May 2026, the following assumptions must hold true:

• The value of 2 MONARCH CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The August 2005 sale price of £134,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MONARCH CLOSE has not materially changed since August 2005.

Where is 2 MONARCH CLOSE?

2 MONARCH CLOSE is located in CHATHAM, in the ME5 postcode district.