306, LUTON ROAD, CHATHAM, ME4 5BX - £380,000

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

306 LUTON ROAD is a very small detached house of 80m², built sometime between 1900 and 1929. It was last sold for £380,000 in June 2005, which was around 55% above the average June 2005 detached price in the Medway local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was B.

306 LUTON ROAD Sold Prices

Land registry data shows three sales for 306 LUTON ROAD 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. One of the three 306 LUTON ROAD sales was for above the average price, whilst two 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
2005 3 JUN	£380,000	£245,368	55% above HPI
2004 12 AUG	£170,000	£248,702	32% below HPI
2003 3 JUL	£142,000	£226,264	37% below HPI

306 LUTON ROAD 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 306 LUTON ROAD sales between July 2003 and June 2005 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 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2005 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is 306 LUTON ROAD?

306 LUTON ROAD is 80m² according to the EPC inspection conducted in August 2016. 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 306 LUTON ROAD lies on this distribution: 15% of detached houses are smaller than 306 LUTON ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Chatham.

306 LUTON ROAD: Plot and Title Map

306 LUTON ROAD sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of 306 LUTON ROAD, 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 306 LUTON ROAD). 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 306 LUTON ROAD?

306 LUTON ROAD is located in CHATHAM, in the ME4 postcode district. The below map shows the position of No. 306 on LUTON ROAD.