2, COLCHESTER CLOSE, CHATHAM, ME5 0HQ - £160,000

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

2 COLCHESTER CLOSE is a very small detached house of 59m², built sometime between 1991 and 1995. It was last sold for £160,000 in September 2007, which was around 42% below the average September 2007 detached price in the Medway local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

2 COLCHESTER CLOSE Sold Prices

Land registry data shows two sales for 2 COLCHESTER 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 2 COLCHESTER 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
2007 17 SEP	£160,000	£277,365	42% below HPI
2002 2 AUG	£95,000	£193,488	51% below HPI

2 COLCHESTER 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 2 COLCHESTER CLOSE sales from August 2002 and September 2007 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 August 2002 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the September 2007 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 2 COLCHESTER CLOSE?

2 COLCHESTER CLOSE is 59m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 2 COLCHESTER CLOSE lies on this distribution: 3% of detached houses are smaller than 2 COLCHESTER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 COLCHESTER CLOSE: Plot and Title Map

2 COLCHESTER CLOSE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 2 COLCHESTER 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 2 COLCHESTER 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 2 COLCHESTER CLOSE?

2 COLCHESTER CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 2 on COLCHESTER CLOSE.