20, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £117,000

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.

20 RESOLUTION CLOSE is a very small extended terraced house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £240,854. It was last sold for £117,000 in June 2005, which was around 11% below the average June 2005 terraced price in the Medway local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

20 RESOLUTION CLOSE Sold Prices

Land registry data shows one sale for 20 RESOLUTION CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2005 24 JUN	£117,000	£131,128	11% below HPI

What might 20 RESOLUTION CLOSE be worth now?

20 RESOLUTION CLOSE might now be worth an estimated £240,854.

This is based on house price inflation of 105.9%, between June 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 105.9% inflationary increase is applied to the most recent sale price for 20 RESOLUTION CLOSE of £117,000 on 24th June 2005. For the value to have increased from £117,000 to £240,854 over the 21 years and one month to May 2026, the following assumptions must hold true:

• The value of 20 RESOLUTION CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The June 2005 sale price of £117,000 represented a fair market value for the property.
• The size, condition, and specification of 20 RESOLUTION CLOSE has not materially changed since June 2005.

How Large is 20 RESOLUTION CLOSE?

20 RESOLUTION CLOSE is 57m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of terraced houses in Chatham, based on EPC data. The below chart shows the distribution of terraced houses by size in Chatham, and where 20 RESOLUTION CLOSE lies on this distribution: 12% of terraced houses are smaller than 20 RESOLUTION CLOSE, and 86% of terraced houses are larger. Note that EPC data is not available for all properties in Chatham.

20 RESOLUTION CLOSE: Plot

20 RESOLUTION CLOSE sits on a plot of roughly 0.020 of an acre, or 79m².

Where is 20 RESOLUTION CLOSE?

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