7, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £120,000

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 RESOLUTION CLOSE is a detached house, which could now be worth an estimated £400,323. It was last sold for £120,000 in June 2001, which was around 24% below the average June 2001 detached price in the Medway local authority area.

7 RESOLUTION CLOSE Sold Prices

Land registry data shows two sales for 7 RESOLUTION 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 7 RESOLUTION 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
2001 30 JUN	£120,000	£157,648	24% below HPI
1997 25 APR	£69,000	£92,970	26% below HPI

What might 7 RESOLUTION CLOSE be worth now?

7 RESOLUTION CLOSE might now be worth an estimated £400,323.

This is based on house price inflation of 233.6%, between June 2001 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 233.6% inflationary increase is applied to the most recent sale price for 7 RESOLUTION CLOSE of £120,000 on 30th June 2001. For the value to have increased from £120,000 to £400,323 over the 25 years and one month to May 2026, the following assumptions must hold true:

• The value of 7 RESOLUTION CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The June 2001 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RESOLUTION CLOSE has not materially changed since June 2001.

Where is 7 RESOLUTION CLOSE?

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