2, MALUS CLOSE, CHATHAM, ME5 9SU - £440,000

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 MALUS CLOSE is a midsized semi-detached house of 104m², built sometime between 1983 and 1990. It was last sold for £440,000 in April 2018, which was around 11% below the average April 2018 detached price in the Maidstone local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

2 MALUS CLOSE Sold Prices

Land registry data shows three sales for 2 MALUS 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. Two of the three 2 MALUS CLOSE sales were for below the average price, whilst one was for above 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
2018 12 APR	£440,000	£493,334	11% below HPI
2012 26 OCT	£290,500	£332,661	13% below HPI
2004 14 APR	£287,000	£284,395	1% above HPI

2 MALUS 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 MALUS CLOSE sales between April 2004 and April 2018 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 2012 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2018 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 MALUS CLOSE?

2 MALUS CLOSE is 104m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% 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 MALUS CLOSE lies on this distribution: 44% of detached houses are smaller than 2 MALUS CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 MALUS CLOSE: Plot and Title Map

2 MALUS CLOSE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 2 MALUS 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 MALUS 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 MALUS CLOSE?

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