12, OLIVINE CLOSE, CHATHAM, ME5 9NQ - £420,000

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

12 OLIVINE CLOSE is a very large extended detached house of 158m², built sometime between 1983 and 1990. It was last sold for £420,000 in March 2021, which was around 21% below the average March 2021 detached price in the Maidstone local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

12 OLIVINE CLOSE Sold Prices

Land registry data shows two sales for 12 OLIVINE 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 Maidstone local authority area for the corresponding sale date. Both of the two 12 OLIVINE 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
2021 11 MAR	£420,000	£529,247	21% below HPI
2006 10 FEB	£249,995	£332,648	25% below HPI

12 OLIVINE 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 two 12 OLIVINE CLOSE sales from February 2006 and March 2021 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 February 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 12 OLIVINE CLOSE be worth now?

12 OLIVINE CLOSE might now be worth an estimated £491,447.

This is based on house price inflation of 17%, between March 2021 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 17% inflationary increase is applied to the most recent sale price for 12 OLIVINE CLOSE of £420,000 on 11th March 2021. For the value to have increased from £420,000 to £491,447 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 12 OLIVINE CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The March 2021 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OLIVINE CLOSE has not materially changed since March 2021.

How Large is 12 OLIVINE CLOSE?

12 OLIVINE CLOSE is 158m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 20% 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 12 OLIVINE CLOSE lies on this distribution: 82% of detached houses houses are smaller than 12 OLIVINE CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Chatham.

12 OLIVINE CLOSE: Plot and Title Map

12 OLIVINE CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 12 OLIVINE 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 12 OLIVINE 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 12 OLIVINE CLOSE?

12 OLIVINE CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 12 on OLIVINE CLOSE.