2, THIRD AVENUE, CHATHAM, ME5 0AD - £250,000

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 THIRD AVENUE is a very small detached house of 57m², built sometime between 1950 and 1966. It was last sold for £250,000 in December 2022, which was around 54% below the average December 2022 detached price in the Medway local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

2 THIRD AVENUE Sold Prices

Land registry data shows three sales for 2 THIRD 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 THIRD 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
2022 8 DEC	£250,000	£541,783	54% below HPI
2016 31 AUG	£206,500	£405,372	49% below HPI
2014 12 FEB	£85,000	£288,463	71% below HPI

2 THIRD 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 THIRD AVENUE sales between February 2014 and December 2022 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 2016 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the December 2022 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 2 THIRD AVENUE be worth now?

2 THIRD AVENUE might now be worth an estimated £245,763.

This is based on house price deflation of 1.7%, between December 2022 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 1.7% deflationary decrease is applied to the most recent sale price for 2 THIRD AVENUE of £250,000 on 8th December 2022. For the value to have decreased from £250,000 to £245,763 over the two years to December 2024, the following assumptions must hold true:

• The value of 2 THIRD AVENUE has moved in line with the HPI for detached houses in the Medway local authority area.
• The December 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THIRD AVENUE has not materially changed since December 2022.

How Large is 2 THIRD AVENUE?

2 THIRD AVENUE is 57m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% 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 THIRD AVENUE lies on this distribution: 2% of detached houses houses are smaller than 2 THIRD AVENUE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatham.

2 THIRD AVENUE: Plot and Title Map

2 THIRD AVENUE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 2 THIRD 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 THIRD 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 THIRD AVENUE?

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