3, THE RIDGEWAY, CHATHAM, ME4 6PD - £840,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 THE RIDGEWAY is a very large extended detached house of 233m², built sometime between 1930 and 1949. It was last sold for £840,000 in July 2016, which was around 116% above the average July 2016 detached price in the Medway local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was C.

3 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 3 THE RIDGEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 3 THE RIDGEWAY sales were for above 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
2016 22 JUL	£840,000	£388,592	116% above HPI
2000 28 FEB	£220,000	£122,428	80% above HPI

3 THE RIDGEWAY 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 two 3 THE RIDGEWAY sales from February 2000 and July 2016 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 February 2000 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the July 2016 sale, where it rises to 116% above the HPI. The line then continues to track at 116% above the HPI.

How Large is 3 THE RIDGEWAY?

3 THE RIDGEWAY is 233m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 10% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 3 THE RIDGEWAY lies on this distribution: 97% of detached houses are smaller than 3 THE RIDGEWAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Chatham.

3 THE RIDGEWAY: Plot and Title Map

3 THE RIDGEWAY sits on a plot of roughly 0.328 of an acre, or 1,327m². The below map shows the location of 3 THE RIDGEWAY, 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 3 THE RIDGEWAY). 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 3 THE RIDGEWAY?

3 THE RIDGEWAY is located in CHATHAM, in the ME4 postcode district. The below map shows the position of No. 3 on THE RIDGEWAY.