2, GEAN CLOSE, CHATHAM, ME5 9DB - £345,000

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 GEAN CLOSE is a very small extended detached house of 76m², built sometime between 1983 and 1990. It was last sold for £345,000 in May 2020, which was around 27% below the average May 2020 detached price in the Maidstone local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was C.

2 GEAN CLOSE Sold Prices

Land registry data shows three sales for 2 GEAN 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 Maidstone local authority area for the corresponding sale date. All of the three 2 GEAN 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
2020 22 MAY	£345,000	£472,658	27% below HPI
2007 10 MAY	£232,000	£331,764	30% below HPI
1999 27 JUL	£104,000	£147,666	30% below HPI

2 GEAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The three 2 GEAN CLOSE sales between July 1999 and May 2020 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2020 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 GEAN CLOSE?

2 GEAN CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in August 2019. 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 2 GEAN CLOSE lies on this distribution: 12% of detached houses are smaller than 2 GEAN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 GEAN CLOSE: Plot and Title Map

2 GEAN CLOSE sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 2 GEAN 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 GEAN 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 GEAN CLOSE?

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