22, MERTON CLOSE, CHATHAM, ME5 8YX - £470,000

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

22 MERTON CLOSE is a small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £470,000 in May 2024, which was around 3% below the average May 2024 detached price in the Medway local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

22 MERTON CLOSE Sold Prices

Land registry data shows four sales for 22 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 22 MERTON 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
2024 3 MAY	£470,000	£484,296	3% below HPI
2007 19 DEC	£249,995	£282,048	11% below HPI
2001 2 JUL	£146,995	£156,239	6% below HPI
1998 12 JUN	£99,000	£102,188	3% below HPI

22 MERTON 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 four 22 MERTON CLOSE sales between June 1998 and May 2024 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 December 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2024 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 22 MERTON CLOSE?

22 MERTON CLOSE is 89m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 30% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 22 MERTON CLOSE lies on this distribution: 24% of detached houses are smaller than 22 MERTON CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Chatham.

22 MERTON CLOSE: Plot and Title Map

22 MERTON CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 22 MERTON 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 22 MERTON 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 22 MERTON CLOSE?

22 MERTON CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 22 on MERTON CLOSE.