24, MERTON CLOSE, CHATHAM, ME5 8YX - £290,000

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

24 MERTON CLOSE is a very small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £290,000 in February 2018, which was around 31% below the average February 2018 detached price in the Medway local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

24 MERTON CLOSE Sold Prices

Land registry data shows three sales for 24 MERTON 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 Medway local authority area for the corresponding sale date. All of the three 24 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
2018 2 FEB	£290,000	£423,322	31% below HPI
2004 9 JAN	£181,500	£235,838	23% below HPI
2000 24 MAY	£113,000	£131,270	14% below HPI

24 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 three 24 MERTON CLOSE sales between May 2000 and February 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 January 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 24 MERTON CLOSE?

24 MERTON CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in October 2017. 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 24 MERTON CLOSE lies on this distribution: 12% of detached houses are smaller than 24 MERTON CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Chatham.

24 MERTON CLOSE: Plot and Title Map

24 MERTON CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 24 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 24 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 24 MERTON CLOSE?

24 MERTON CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 24 on MERTON CLOSE.