7, SMITH ROAD, CHATHAM, ME5 8DR - £166,000

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 SMITH ROAD is a large flat of 61m², built sometime between 1950 and 1966, which could now be worth an estimated £173,136. It was last sold for £166,000 in February 2018, which was around 4% above the average February 2018 flat price in the Medway local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

7 SMITH ROAD Sold Prices

Land registry data shows two sales for 7 SMITH ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Medway local authority area for the corresponding sale date. Both of the two 7 SMITH ROAD 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
2018 21 FEB	£166,000	£159,453	4% above HPI
1997 30 MAY	£39,995	£34,212	17% above HPI

What might 7 SMITH ROAD be worth now?

7 SMITH ROAD might now be worth an estimated £173,136.

This is based on house price inflation of 4.3%, between February 2018 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 4.3% inflationary increase is applied to the most recent sale price for 7 SMITH ROAD of £166,000 on 21st February 2018. For the value to have increased from £166,000 to £173,136 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 SMITH ROAD has moved in line with the HPI for flats in the Medway local authority area.
• The February 2018 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SMITH ROAD has not materially changed since February 2018.

How Large is 7 SMITH ROAD?

7 SMITH ROAD is 61m² according to the EPC inspection conducted in September 2017. This puts it in the largest 40% of flats in Chatham, based on EPC data. 64% of flats are smaller than 7 SMITH ROAD, and 34% of flats are larger. Note that EPC data is not available for all properties in Chatham.

7 SMITH ROAD: Plot

7 SMITH ROAD sits on a plot of roughly 0.184 of an acre, or 745m².

Where is 7 SMITH ROAD?

7 SMITH ROAD is located in CHATHAM, in the ME5 postcode district.