23, MERTON CLOSE, CHATHAM, ME5 8YX - £310,000

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

23 MERTON CLOSE is a very small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £310,000 in May 2019, which was around 29% below the average May 2019 detached price in the Medway local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

23 MERTON CLOSE Sold Prices

Land registry data shows four sales for 23 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 23 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
2019 24 MAY	£310,000	£436,178	29% below HPI
2016 5 AUG	£290,000	£405,372	28% below HPI
2004 24 JUN	£190,000	£244,874	22% below HPI
1998 29 JUL	£79,000	£105,904	25% below HPI

23 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 23 MERTON CLOSE sales between July 1998 and May 2019 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 23 MERTON CLOSE be worth now?

23 MERTON CLOSE might now be worth an estimated £378,530.

This is based on house price inflation of 22.1%, between May 2019 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 22.1% inflationary increase is applied to the most recent sale price for 23 MERTON CLOSE of £310,000 on 24th May 2019. For the value to have increased from £310,000 to £378,530 over the four years and five months to December 2024, the following assumptions must hold true:

• The value of 23 MERTON CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The May 2019 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 23 MERTON CLOSE has not materially changed since May 2019.

How Large is 23 MERTON CLOSE?

23 MERTON CLOSE is 78m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% 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 23 MERTON CLOSE lies on this distribution: 14% of detached houses houses are smaller than 23 MERTON CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chatham.

23 MERTON CLOSE: Plot and Title Map

23 MERTON CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 23 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 23 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 23 MERTON CLOSE?

23 MERTON CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 23 on MERTON CLOSE.