2, DEFOE CLOSE, CHATHAM, ME5 7TJ - £395,000

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 DEFOE CLOSE is a small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £395,000 in March 2023, which was around 27% below the average March 2023 detached price in the Medway local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

2 DEFOE CLOSE Sold Prices

Land registry data shows two sales for 2 DEFOE 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 DEFOE 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
2023 14 MAR	£395,000	£541,259	27% below HPI
2018 19 OCT	£303,000	£445,242	32% below HPI

2 DEFOE 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 DEFOE CLOSE sales from October 2018 and March 2023 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 October 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 DEFOE CLOSE be worth now?

2 DEFOE CLOSE might now be worth an estimated £388,682.

This is based on house price deflation of 1.6%, between March 2023 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 1.6% deflationary decrease is applied to the most recent sale price for 2 DEFOE CLOSE of £395,000 on 14th March 2023. For the value to have decreased from £395,000 to £388,682 over the three months to December 2024, the following assumptions must hold true:

• The value of 2 DEFOE CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2023 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DEFOE CLOSE has not materially changed since March 2023.

How Large is 2 DEFOE CLOSE?

2 DEFOE CLOSE is 86m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% 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 DEFOE CLOSE lies on this distribution: 21% of detached houses houses are smaller than 2 DEFOE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 DEFOE CLOSE: Plot and Title Map

2 DEFOE CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 DEFOE 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 DEFOE 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 DEFOE CLOSE?

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