16, GALENA CLOSE, CHATHAM, ME5 9NE - £370,000

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

16 GALENA CLOSE is a small extended detached house of 94m², built sometime between 1983 and 1990. It was last sold for £370,000 in February 2018, which was around 25% below the average February 2018 detached price in the Maidstone local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

16 GALENA CLOSE Sold Prices

Land registry data shows two sales for 16 GALENA 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 16 GALENA 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
2018 15 FEB	£370,000	£491,338	25% below HPI
2016 29 JAN	£300,000	£429,672	30% below HPI

16 GALENA 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 16 GALENA CLOSE sales from January 2016 and February 2018 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 January 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 16 GALENA CLOSE?

16 GALENA CLOSE is 94m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the smallest 30% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 16 GALENA CLOSE lies on this distribution: 29% of detached houses are smaller than 16 GALENA CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Chatham.

16 GALENA CLOSE: Plot and Title Map

16 GALENA CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 16 GALENA 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 16 GALENA 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 16 GALENA CLOSE?

16 GALENA CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 16 on GALENA CLOSE.