31, CROMWELL TERRACE, CHATHAM, ME4 5PQ - £215,000

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

31 CROMWELL TERRACE is a very small extended detached house of 62m², built sometime between 1983 and 1990. It was last sold for £215,000 in August 2023, which was around 59% below the average August 2023 detached price in the Medway local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

31 CROMWELL TERRACE Sold Prices

Land registry data shows two sales for 31 CROMWELL TERRACE 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 31 CROMWELL TERRACE 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
2023 4 AUG	£215,000	£529,670	59% below HPI
2004 19 NOV	£103,000	£258,690	60% below HPI

31 CROMWELL TERRACE 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 31 CROMWELL TERRACE sales from November 2004 and August 2023 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 November 2004 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the August 2023 sale, where it rises to 59% below the HPI. The line then continues to track at 59% below the HPI.

What might 31 CROMWELL TERRACE be worth now?

31 CROMWELL TERRACE might now be worth an estimated £216,190.

This is based on house price inflation of 0.6%, between August 2023 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 0.6% inflationary increase is applied to the most recent sale price for 31 CROMWELL TERRACE of £215,000 on 4th August 2023. For the value to have increased from £215,000 to £216,190 over the eight months to December 2024, the following assumptions must hold true:

• The value of 31 CROMWELL TERRACE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2023 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CROMWELL TERRACE has not materially changed since August 2023.

How Large is 31 CROMWELL TERRACE?

31 CROMWELL TERRACE is 62m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% 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 31 CROMWELL TERRACE lies on this distribution: 4% of detached houses houses are smaller than 31 CROMWELL TERRACE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chatham.

31 CROMWELL TERRACE: Plot and Title Map

31 CROMWELL TERRACE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 31 CROMWELL TERRACE, 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 31 CROMWELL TERRACE). 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 31 CROMWELL TERRACE?

31 CROMWELL TERRACE is located in CHATHAM, in the ME4 postcode district. The below map shows the position of No. 31 on CROMWELL TERRACE.