54, ILLUSTRIOUS CLOSE, CHATHAM, ME5 7RW - £230,000

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.

54 ILLUSTRIOUS CLOSE is a midsized flat of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £228,527. It was last sold for £230,000 in June 2024, which was around 37% above the average June 2024 flat price in the Medway local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

54 ILLUSTRIOUS CLOSE Sold Prices

Land registry data shows three sales for 54 ILLUSTRIOUS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Medway local authority area for the corresponding sale date. All of the three 54 ILLUSTRIOUS CLOSE sales were for above 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
2024 14 JUN	£230,000	£167,380	37% above HPI
2017 17 NOV	£202,500	£160,279	26% above HPI
2009 20 OCT	£104,000	£98,675	5% above HPI

What might 54 ILLUSTRIOUS CLOSE be worth now?

54 ILLUSTRIOUS CLOSE might now be worth an estimated £228,527.

This is based on house price deflation of 0.6%, between June 2024 and May 2026, for flats, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.6% deflationary decrease is applied to the most recent sale price for 54 ILLUSTRIOUS CLOSE of £230,000 on 14th June 2024. For the value to have decreased from £230,000 to £228,527 over the two years and one month to May 2026, the following assumptions must hold true:

• The value of 54 ILLUSTRIOUS CLOSE has moved in line with the HPI for flats in the Medway local authority area.
• The June 2024 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 54 ILLUSTRIOUS CLOSE has not materially changed since June 2024.

How Large is 54 ILLUSTRIOUS CLOSE?

54 ILLUSTRIOUS CLOSE is 55m² according to the EPC inspection conducted in December 2022. This puts it in the largest 50% of flats in Chatham, based on EPC data. 53% of flats are smaller than 54 ILLUSTRIOUS CLOSE, and 44% of flats are larger. Note that EPC data is not available for all properties in Chatham.

54 ILLUSTRIOUS CLOSE: Plot

54 ILLUSTRIOUS CLOSE sits on a plot of roughly 0.034 of an acre, or 138m².

Where is 54 ILLUSTRIOUS CLOSE?

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