15, MERTON CLOSE, CHATHAM, ME5 8YX - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 MERTON CLOSE is a very small semi-detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £370,869. It was last sold for £315,000 in March 2021, which was around 5% above the average March 2021 semi-detached price in the Medway local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

15 MERTON CLOSE Sold Prices

Land registry data shows four sales for 15 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the four 15 MERTON CLOSE sales were for above 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 30 MAR	£315,000	£298,638	5% above HPI
2018 5 APR	£295,000	£281,724	5% above HPI
2004 2 JUL	£182,000	£161,928	12% above HPI
1999 30 APR	£79,000	£67,937	16% above HPI

15 MERTON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The four 15 MERTON CLOSE sales between April 1999 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 April 2018 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2021 sale, which was also at 5% above the HPI.

What might 15 MERTON CLOSE be worth now?

15 MERTON CLOSE might now be worth an estimated £370,869.

This is based on house price inflation of 17.7%, between March 2021 and February 2025, for semi-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 17.7% inflationary increase is applied to the most recent sale price for 15 MERTON CLOSE of £315,000 on 30th March 2021. For the value to have increased from £315,000 to £370,869 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 15 MERTON CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The March 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MERTON CLOSE has not materially changed since March 2021.

How Large is 15 MERTON CLOSE?

15 MERTON CLOSE is 75m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of semi-detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chatham, and where 15 MERTON CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 15 MERTON CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Chatham.

15 MERTON CLOSE: Plot and Title Map

15 MERTON CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 15 MERTON 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 15 MERTON 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 15 MERTON CLOSE?

15 MERTON CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 15 on MERTON CLOSE.