8, MARION CLOSE, CHATHAM, ME5 9QA - £295,000

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.

8 MARION CLOSE is a very small extended detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £352,083. It was last sold for £295,000 in April 2019, which was around 33% below the average April 2019 detached price in the Medway local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

8 MARION CLOSE Sold Prices

Land registry data shows one sale for 8 MARION CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached 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
2019 18 APR	£295,000	£440,651	33% below HPI

What might 8 MARION CLOSE be worth now?

8 MARION CLOSE might now be worth an estimated £352,083.

This is based on house price inflation of 19.4%, between April 2019 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 19.4% inflationary increase is applied to the most recent sale price for 8 MARION CLOSE of £295,000 on 18th April 2019. For the value to have increased from £295,000 to £352,083 over the six years and eleven months to May 2026, the following assumptions must hold true:

• The value of 8 MARION CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The April 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARION CLOSE has not materially changed since April 2019.

How Large is 8 MARION CLOSE?

8 MARION CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 8 MARION CLOSE lies on this distribution: 14% of detached houses are smaller than 8 MARION CLOSE, and 85% of detached houses are larger. Note that EPC data is not available for all properties in Chatham.

8 MARION CLOSE: Plot

8 MARION CLOSE sits on a plot of roughly 0.125 of an acre, or 506m².

Where is 8 MARION CLOSE?

8 MARION CLOSE is located in CHATHAM, in the ME5 postcode district.