16, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £175,000

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

16 RESOLUTION CLOSE is a very small semi-detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £338,090. It was last sold for £175,000 in September 2013, which was around 3% below the average September 2013 semi-detached price in the Medway local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

16 RESOLUTION CLOSE Sold Prices

Land registry data shows four sales for 16 RESOLUTION 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. Most of the four 16 RESOLUTION 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
2013 11 SEP	£175,000	£180,367	3% below HPI
2007 23 MAY	£175,000	£181,386	4% below HPI
2002 26 APR	£99,995	£108,885	8% below HPI
2000 7 JAN	£80,000	£76,057	5% above HPI

16 RESOLUTION 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 16 RESOLUTION CLOSE sales between January 2000 and September 2013 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 May 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2013 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 16 RESOLUTION CLOSE be worth now?

16 RESOLUTION CLOSE might now be worth an estimated £338,090.

This is based on house price inflation of 93.2%, between September 2013 and December 2024, 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 93.2% inflationary increase is applied to the most recent sale price for 16 RESOLUTION CLOSE of £175,000 on 11th September 2013. For the value to have increased from £175,000 to £338,090 over the ten years and nine months to December 2024, the following assumptions must hold true:

• The value of 16 RESOLUTION CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The September 2013 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 16 RESOLUTION CLOSE has not materially changed since September 2013.

How Large is 16 RESOLUTION CLOSE?

16 RESOLUTION CLOSE is 74m² according to the EPC inspection conducted in May 2013. 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 16 RESOLUTION CLOSE lies on this distribution: 10% of semi-detached houses houses are smaller than 16 RESOLUTION CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Chatham.

16 RESOLUTION CLOSE: Plot and Title Map

16 RESOLUTION CLOSE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 16 RESOLUTION 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 RESOLUTION 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 RESOLUTION CLOSE?

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