24B, SHERIDAN CLOSE, CHATHAM, ME5 7NS - £165,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24B SHERIDAN CLOSE is a small extended semi-detached house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £276,787. It was last sold for £165,000 in February 2015, which was around 21% below the average February 2015 semi-detached price in the Medway local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

24B SHERIDAN CLOSE Sold Prices

Land registry data shows three sales for 24B SHERIDAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the three 24B SHERIDAN 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
2015 18 FEB	£165,000	£209,601	21% below HPI
2004 28 MAY	£148,500	£156,272	5% below HPI
1996 26 JUL	£47,200	£53,186	11% below HPI

24B SHERIDAN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The three 24B SHERIDAN CLOSE sales between July 1996 and February 2015 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 May 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2015 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 24B SHERIDAN CLOSE be worth now?

24B SHERIDAN CLOSE might now be worth an estimated £276,787.

This is based on house price inflation of 67.7%, between February 2015 and February 2025, for semi-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 67.7% inflationary increase is applied to the most recent sale price for 24B SHERIDAN CLOSE of £165,000 on 18th February 2015. For the value to have increased from £165,000 to £276,787 over the ten years to February 2025, the following assumptions must hold true:

• The value of 24B SHERIDAN CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The February 2015 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 24B SHERIDAN CLOSE has not materially changed since February 2015.

How Large is 24B SHERIDAN CLOSE?

24B SHERIDAN CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of semi-detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chatham, and where 24B SHERIDAN CLOSE lies on this distribution: 21% of semi-detached houses houses are smaller than 24B SHERIDAN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Chatham.

24B SHERIDAN CLOSE: Plot and Title Map

24B SHERIDAN CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 24B SHERIDAN 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 24B SHERIDAN 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 24B SHERIDAN CLOSE?

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