1, FALKLAND PLACE, CHATHAM, ME5 9HR - £340,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FALKLAND PLACE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £340,000 in December 2020, which was around 47% below the average December 2020 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

1 FALKLAND PLACE Sold Prices

Land registry data shows three sales for 1 FALKLAND PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Tonbridge and Malling local authority area for the corresponding sale date. All of the three 1 FALKLAND PLACE 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
2020 9 DEC	£340,000	£644,415	47% below HPI
2007 26 JAN	£205,000	£374,588	45% below HPI
1996 28 AUG	£69,000	£126,629	46% below HPI

1 FALKLAND PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The three 1 FALKLAND PLACE sales between August 1996 and December 2020 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2007 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the December 2020 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 1 FALKLAND PLACE?

1 FALKLAND PLACE is 70m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 1 FALKLAND PLACE lies on this distribution: 7% of detached houses are smaller than 1 FALKLAND PLACE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chatham.

1 FALKLAND PLACE: Plot and Title Map

1 FALKLAND PLACE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 1 FALKLAND PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 FALKLAND PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 FALKLAND PLACE?

1 FALKLAND PLACE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 1 on FALKLAND PLACE.