11, SPENCER CLOSE, CHATHAM, ME5 7RE - £362,000

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

11 SPENCER CLOSE is a small extended detached house of 86m², built sometime between 1983 and 1990. It was last sold for £362,000 in June 2016, which was around 8% below the average June 2016 detached price in the Medway local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

11 SPENCER CLOSE Sold Prices

Land registry data shows two sales for 11 SPENCER 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. Both of the two 11 SPENCER 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
2016 15 JUN	£362,000	£394,795	8% below HPI
2004 25 JUN	£225,000	£244,874	8% below HPI

11 SPENCER 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 11 SPENCER CLOSE sales from June 2004 and June 2016 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 June 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2016 sale, which was also at 8% below the HPI.

What might 11 SPENCER CLOSE be worth now?

11 SPENCER CLOSE might now be worth an estimated £488,359.

This is based on house price inflation of 34.9%, between June 2016 and December 2024, 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 34.9% inflationary increase is applied to the most recent sale price for 11 SPENCER CLOSE of £362,000 on 15th June 2016. For the value to have increased from £362,000 to £488,359 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 11 SPENCER CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The June 2016 sale price of £362,000 represented a fair market value for the property.
• The size, condition, and specification of 11 SPENCER CLOSE has not materially changed since June 2016.

How Large is 11 SPENCER CLOSE?

11 SPENCER CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in February 2016. 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 11 SPENCER CLOSE lies on this distribution: 21% of detached houses houses are smaller than 11 SPENCER CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Chatham.

11 SPENCER CLOSE: Plot and Title Map

11 SPENCER CLOSE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 11 SPENCER 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 11 SPENCER 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 11 SPENCER CLOSE?

11 SPENCER CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 11 on SPENCER CLOSE.