2, CONCORD AVENUE, CHATHAM, ME5 9TR - £330,000

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

2 CONCORD AVENUE is a very small detached house of 78m², built sometime between 1950 and 1966. It was last sold for £330,000 in August 2021, which was around 30% below the average August 2021 detached price in the Medway local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

2 CONCORD AVENUE Sold Prices

Land registry data shows three sales for 2 CONCORD AVENUE 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 2 CONCORD AVENUE 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
2021 26 AUG	£330,000	£470,238	30% below HPI
2004 3 FEB	£170,000	£242,955	30% below HPI
1999 25 JUN	£88,500	£113,092	22% below HPI

2 CONCORD AVENUE 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 2 CONCORD AVENUE sales between June 1999 and August 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 February 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2021 sale, which was also at 30% below the HPI.

What might 2 CONCORD AVENUE be worth now?

2 CONCORD AVENUE might now be worth an estimated £373,765.

This is based on house price inflation of 13.3%, between August 2021 and December 2024, for 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 13.3% inflationary increase is applied to the most recent sale price for 2 CONCORD AVENUE of £330,000 on 26th August 2021. For the value to have increased from £330,000 to £373,765 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 CONCORD AVENUE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2021 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CONCORD AVENUE has not materially changed since August 2021.

How Large is 2 CONCORD AVENUE?

2 CONCORD AVENUE is 78m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% of detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatham, and where 2 CONCORD AVENUE lies on this distribution: 14% of detached houses houses are smaller than 2 CONCORD AVENUE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 CONCORD AVENUE: Plot and Title Map

2 CONCORD AVENUE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 2 CONCORD AVENUE, 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 CONCORD AVENUE). 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 CONCORD AVENUE?

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