7, MALUS CLOSE, CHATHAM, ME5 9SU - £250,000

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.

7 MALUS CLOSE is a very small semi-detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £310,821. It was last sold for £250,000 in May 2017, which was around 18% below the average May 2017 semi-detached price in the Maidstone local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

7 MALUS CLOSE Sold Prices

Land registry data shows one sale for 7 MALUS 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 Maidstone 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
2017 25 MAY	£250,000	£304,131	18% below HPI

What might 7 MALUS CLOSE be worth now?

7 MALUS CLOSE might now be worth an estimated £310,821.

This is based on house price inflation of 24.3%, between May 2017 and May 2026, for semi-detached houses, in the Maidstone local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.3% inflationary increase is applied to the most recent sale price for 7 MALUS CLOSE of £250,000 on 25th May 2017. For the value to have increased from £250,000 to £310,821 over the nine years to May 2026, the following assumptions must hold true:

• The value of 7 MALUS CLOSE has moved in line with the HPI for semi-detached houses in the Maidstone local authority area.
• The May 2017 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MALUS CLOSE has not materially changed since May 2017.

How Large is 7 MALUS CLOSE?

7 MALUS CLOSE is 57m² according to the EPC inspection conducted in February 2017. 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 7 MALUS CLOSE lies on this distribution: 10% of semi-detached houses are smaller than 7 MALUS CLOSE, and 89% of semi-detached houses are larger. Note that EPC data is not available for all properties in Chatham.

7 MALUS CLOSE: Plot

7 MALUS CLOSE sits on a plot of roughly 0.051 of an acre, or 206m².

Where is 7 MALUS CLOSE?

7 MALUS CLOSE is located in CHATHAM, in the ME5 postcode district.