1, GEAN CLOSE, CHATHAM, ME5 9DB - £575,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 GEAN CLOSE is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £575,000 in June 2022, which was around 3% below the average June 2022 detached price in the Maidstone local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

1 GEAN CLOSE Sold Prices

Land registry data shows three sales for 1 GEAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. All of the three 1 GEAN 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
2022 6 JUN	£575,000	£595,273	3% below HPI
2015 28 AUG	£302,500	£458,551	34% below HPI
2002 30 AUG	£199,995	£264,746	24% below HPI

1 GEAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The three 1 GEAN CLOSE sales between August 2002 and June 2022 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 August 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 GEAN CLOSE be worth now?

1 GEAN CLOSE might now be worth an estimated £598,187.

This is based on house price inflation of 4%, between June 2022 and December 2024, for 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 4% inflationary increase is applied to the most recent sale price for 1 GEAN CLOSE of £575,000 on 6th June 2022. For the value to have increased from £575,000 to £598,187 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 1 GEAN CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The June 2022 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 1 GEAN CLOSE has not materially changed since June 2022.

How Large is 1 GEAN CLOSE?

1 GEAN CLOSE is 90m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% of detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatham, and where 1 GEAN CLOSE lies on this distribution: 25% of detached houses houses are smaller than 1 GEAN CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Chatham.

1 GEAN CLOSE: Plot and Title Map

1 GEAN CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 1 GEAN CLOSE, 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 GEAN CLOSE). 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 GEAN CLOSE?

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