18, SHERIDAN CLOSE, CHATHAM, ME5 7NS - £292,000

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

18 SHERIDAN CLOSE is a very small extended detached house of 78m², built sometime between 1967 and 1975. It was last sold for £292,000 in January 2024, which was around 42% below the average January 2024 detached price in the Medway local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

18 SHERIDAN CLOSE Sold Prices

Land registry data shows three sales for 18 SHERIDAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 18 SHERIDAN 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
2024 4 JAN	£292,000	£504,721	42% below HPI
2005 16 NOV	£135,000	£247,220	45% below HPI
2001 30 MAY	£66,995	£151,847	56% below HPI

18 SHERIDAN 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 three 18 SHERIDAN CLOSE sales between May 2001 and January 2024 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 November 2005 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the January 2024 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 18 SHERIDAN CLOSE?

18 SHERIDAN CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 20% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 18 SHERIDAN CLOSE lies on this distribution: 14% of detached houses are smaller than 18 SHERIDAN CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chatham.

18 SHERIDAN CLOSE: Plot and Title Map

18 SHERIDAN CLOSE sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 18 SHERIDAN 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 18 SHERIDAN 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 18 SHERIDAN CLOSE?

18 SHERIDAN CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 18 on SHERIDAN CLOSE.