38, ILLUSTRIOUS CLOSE, CHATHAM, ME5 7RW - £275,000

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.

38 ILLUSTRIOUS CLOSE is a detached house, which could now be worth an estimated £458,956. It was last sold for £275,000 in August 2014, which was around 13% below the average August 2014 detached price in the Medway local authority area.

38 ILLUSTRIOUS CLOSE Sold Prices

Land registry data shows two sales for 38 ILLUSTRIOUS 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 38 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
2014 8 AUG	£275,000	£315,123	13% below HPI
2006 29 SEP	£216,000	£266,745	19% below HPI

What might 38 ILLUSTRIOUS CLOSE be worth now?

38 ILLUSTRIOUS CLOSE might now be worth an estimated £458,956.

This is based on house price inflation of 66.9%, between August 2014 and May 2026, for 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 66.9% inflationary increase is applied to the most recent sale price for 38 ILLUSTRIOUS CLOSE of £275,000 on 8th August 2014. For the value to have increased from £275,000 to £458,956 over the twelve years and three months to May 2026, the following assumptions must hold true:

• The value of 38 ILLUSTRIOUS CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2014 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 38 ILLUSTRIOUS CLOSE has not materially changed since August 2014.

Where is 38 ILLUSTRIOUS CLOSE?

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