10, WEY CLOSE, CHATHAM, ME5 8JW - £275,000

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

10 WEY CLOSE is a midsized detached house of 106m², built sometime between 1976 and 1982. It was last sold for £275,000 in February 2014, which was around 2% below the average February 2014 detached price in the Medway local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

10 WEY CLOSE Sold Prices

Land registry data shows two sales for 10 WEY 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. One of the two 10 WEY CLOSE sales was for below the average price, whilst the other was roughly equal to 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
2014 20 FEB	£275,000	£280,877	2% below HPI
1996 3 MAY	£82,000	£82,393	Close to HPI

10 WEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Medway local authority area over time, sourced from the HPI. The two 10 WEY CLOSE sales from May 1996 and February 2014 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 May 1996 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2014 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 10 WEY CLOSE?

10 WEY CLOSE is 106m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 10 WEY CLOSE lies on this distribution: 46% of detached houses are smaller than 10 WEY CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Chatham.

10 WEY CLOSE: Plot and Title Map

10 WEY CLOSE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 10 WEY 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 10 WEY 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 10 WEY CLOSE?

10 WEY CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 10 on WEY CLOSE.