38, WHEATFIELDS, CHATHAM, ME5 8HW - £124,000

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

38 WHEATFIELDS is a very small semi-detached house of 82m², built sometime between 1983 and 1990. It was last sold for £124,000 in July 2001, which was around 28% above the average July 2001 semi-detached price in the Medway local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

38 WHEATFIELDS Sold Prices

Land registry data shows two sales for 38 WHEATFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. Both of the two 38 WHEATFIELDS 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
2001 27 JUL	£124,000	£96,803	28% above HPI
1999 17 AUG	£98,995	£69,833	42% above HPI

38 WHEATFIELDS 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 two 38 WHEATFIELDS sales from August 1999 and July 2001 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 1999 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the July 2001 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 38 WHEATFIELDS be worth now?

38 WHEATFIELDS might now be worth an estimated £446,359.

This is based on house price inflation of 260%, between July 2001 and December 2024, 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 260% inflationary increase is applied to the most recent sale price for 38 WHEATFIELDS of £124,000 on 27th July 2001. For the value to have increased from £124,000 to £446,359 over the 22 years and seven months to December 2024, the following assumptions must hold true:

• The value of 38 WHEATFIELDS has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The July 2001 sale price of £124,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WHEATFIELDS has not materially changed since July 2001.

How Large is 38 WHEATFIELDS?

38 WHEATFIELDS is 82m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% 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 38 WHEATFIELDS lies on this distribution: 18% of semi-detached houses houses are smaller than 38 WHEATFIELDS, and 82% of houses are larger. Note that EPC data is not available for all properties in Chatham.

38 WHEATFIELDS: Plot and Title Map

38 WHEATFIELDS sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 38 WHEATFIELDS, 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 WHEATFIELDS). 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 WHEATFIELDS?

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