38, RAMILLIES CLOSE, CHATHAM, ME5 7SA - £225,000

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

38 RAMILLIES CLOSE is a very small detached house of 76m², built sometime between 1991 and 1995. It was last sold for £225,000 in June 2015, which was around 30% below the average June 2015 detached price in the Medway local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

38 RAMILLIES CLOSE Sold Prices

Land registry data shows two sales for 38 RAMILLIES CLOSE 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 38 RAMILLIES 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 26 JUN	£225,000	£323,087	30% below HPI
1999 17 DEC	£93,000	£121,760	24% below HPI

38 RAMILLIES 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 two 38 RAMILLIES CLOSE sales from December 1999 and June 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 December 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 38 RAMILLIES CLOSE?

38 RAMILLIES CLOSE is 76m² according to the EPC inspection conducted in April 2015. 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 38 RAMILLIES CLOSE lies on this distribution: 12% of detached houses are smaller than 38 RAMILLIES CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Chatham.

38 RAMILLIES CLOSE: Plot and Title Map

38 RAMILLIES CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 38 RAMILLIES 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 38 RAMILLIES 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 38 RAMILLIES CLOSE?

38 RAMILLIES CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 38 on RAMILLIES CLOSE.