12, WEY CLOSE, CHATHAM, ME5 8JW - £245,995

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 WEY CLOSE is a small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £245,995 in January 2014, which was around 14% below the average January 2014 detached price in the Medway local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

12 WEY CLOSE Sold Prices

Land registry data shows two sales for 12 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. Both of the two 12 WEY 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
2014 24 JAN	£245,995	£284,798	14% below HPI
2012 22 JUN	£215,000	£261,343	18% below HPI

12 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 12 WEY CLOSE sales from June 2012 and January 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 June 2012 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the January 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 12 WEY CLOSE be worth now?

12 WEY CLOSE might now be worth an estimated £460,035.

This is based on house price inflation of 87%, between January 2014 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 87% inflationary increase is applied to the most recent sale price for 12 WEY CLOSE of £245,995 on 24th January 2014. For the value to have increased from £245,995 to £460,035 over the nine years and one month to December 2024, the following assumptions must hold true:

• The value of 12 WEY CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The January 2014 sale price of £245,995 represented a fair market value for the property.
• The size, condition, and specification of 12 WEY CLOSE has not materially changed since January 2014.

How Large is 12 WEY CLOSE?

12 WEY CLOSE is 89m² according to the EPC inspection conducted in May 2012. 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 12 WEY CLOSE lies on this distribution: 24% of detached houses houses are smaller than 12 WEY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Chatham.

12 WEY CLOSE: Plot and Title Map

12 WEY CLOSE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 12 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 12 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 12 WEY CLOSE?

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