39, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £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.

39 RESOLUTION CLOSE is a midsized terraced house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £286,183. It was last sold for £275,000 in April 2022, which was around 6% above the average April 2022 terraced price in the Medway local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

39 RESOLUTION CLOSE Sold Prices

Land registry data shows one sale for 39 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
2022 12 APR	£275,000	£259,390	6% above HPI

What might 39 RESOLUTION CLOSE be worth now?

39 RESOLUTION CLOSE might now be worth an estimated £286,183.

This is based on house price inflation of 4.1%, between April 2022 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 4.1% inflationary increase is applied to the most recent sale price for 39 RESOLUTION CLOSE of £275,000 on 12th April 2022. For the value to have increased from £275,000 to £286,183 over the three years and eleven months to May 2026, the following assumptions must hold true:

• The value of 39 RESOLUTION CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The April 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 39 RESOLUTION CLOSE has not materially changed since April 2022.

How Large is 39 RESOLUTION CLOSE?

39 RESOLUTION CLOSE is 72m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of terraced houses in Chatham, based on EPC data. The below chart shows the distribution of terraced houses by size in Chatham, and where 39 RESOLUTION CLOSE lies on this distribution: 41% of terraced houses are smaller than 39 RESOLUTION CLOSE, and 57% of terraced houses are larger. Note that EPC data is not available for all properties in Chatham.

39 RESOLUTION CLOSE: Plot

39 RESOLUTION CLOSE sits on a plot of roughly 0.025 of an acre, or 103m².

Where is 39 RESOLUTION CLOSE?

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