38, MONARCH CLOSE, CHATHAM, ME5 7PD - £129,000

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 MONARCH CLOSE is a very small semi-detached house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £270,024. It was last sold for £129,000 in June 2005, which was around 22% below the average June 2005 semi-detached price in the Medway local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

38 MONARCH CLOSE Sold Prices

Land registry data shows one sale for 38 MONARCH 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
2005 17 JUN	£129,000	£165,989	22% below HPI

What might 38 MONARCH CLOSE be worth now?

38 MONARCH CLOSE might now be worth an estimated £270,024.

This is based on house price inflation of 109.3%, between June 2005 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 109.3% inflationary increase is applied to the most recent sale price for 38 MONARCH CLOSE of £129,000 on 17th June 2005. For the value to have increased from £129,000 to £270,024 over the 21 years and one month to May 2026, the following assumptions must hold true:

• The value of 38 MONARCH CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The June 2005 sale price of £129,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MONARCH CLOSE has not materially changed since June 2005.

How Large is 38 MONARCH CLOSE?

38 MONARCH CLOSE is 58m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% 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 38 MONARCH CLOSE lies on this distribution: 11% of semi-detached houses are smaller than 38 MONARCH CLOSE, and 88% of semi-detached houses are larger. Note that EPC data is not available for all properties in Chatham.

38 MONARCH CLOSE: Plot

38 MONARCH CLOSE sits on a plot of roughly 0.037 of an acre, or 149m².

Where is 38 MONARCH CLOSE?

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