2, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £52,000

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 RESOLUTION CLOSE is a very small semi-detached house of 44m², built sometime between 1991 and 1995, which could now be worth an estimated £181,569. It was last sold for £52,000 in September 2001, which was around 48% below the average September 2001 semi-detached price in the Medway local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was A.

2 RESOLUTION CLOSE Sold Prices

Land registry data shows one sale for 2 RESOLUTION CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2001 7 SEP	£52,000	£99,507	48% below HPI

What might 2 RESOLUTION CLOSE be worth now?

2 RESOLUTION CLOSE might now be worth an estimated £181,569.

This is based on house price inflation of 249.2%, between September 2001 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 249.2% inflationary increase is applied to the most recent sale price for 2 RESOLUTION CLOSE of £52,000 on 7th September 2001. For the value to have increased from £52,000 to £181,569 over the 25 years and four months to May 2026, the following assumptions must hold true:

• The value of 2 RESOLUTION CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The September 2001 sale price of £52,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RESOLUTION CLOSE has not materially changed since September 2001.

How Large is 2 RESOLUTION CLOSE?

2 RESOLUTION CLOSE is 44m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of semi-detached houses in Chatham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Chatham, and where 2 RESOLUTION CLOSE lies on this distribution: 2% of semi-detached houses are smaller than 2 RESOLUTION CLOSE, and 98% of semi-detached houses are larger. Note that EPC data is not available for all properties in Chatham.

2 RESOLUTION CLOSE: Plot

2 RESOLUTION CLOSE sits on a plot of roughly 0.023 of an acre, or 95m².

Where is 2 RESOLUTION CLOSE?

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