4, CORRAL CLOSE, CHATHAM, ME5 7EQ - £272,500

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

4 CORRAL CLOSE is a small detached house of 99m², built sometime between 1983 and 1990. It was last sold for £272,500 in December 2015, which was around 25% below the average December 2015 detached price in the Medway local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

4 CORRAL CLOSE Sold Prices

Land registry data shows two sales for 4 CORRAL 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 4 CORRAL 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 2 DEC	£272,500	£362,951	25% below HPI
2002 14 DEC	£59,000	£217,466	73% below HPI

4 CORRAL 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 4 CORRAL CLOSE sales from December 2002 and December 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 2002 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the December 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 4 CORRAL CLOSE be worth now?

4 CORRAL CLOSE might now be worth an estimated £399,872.

This is based on house price inflation of 46.7%, between December 2015 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 46.7% inflationary increase is applied to the most recent sale price for 4 CORRAL CLOSE of £272,500 on 2nd December 2015. For the value to have increased from £272,500 to £399,872 over the nine years to December 2024, the following assumptions must hold true:

• The value of 4 CORRAL CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The December 2015 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 4 CORRAL CLOSE has not materially changed since December 2015.

How Large is 4 CORRAL CLOSE?

4 CORRAL CLOSE is 99m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 40% 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 4 CORRAL CLOSE lies on this distribution: 37% of detached houses houses are smaller than 4 CORRAL CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Chatham.

4 CORRAL CLOSE: Plot and Title Map

4 CORRAL CLOSE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 4 CORRAL 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 4 CORRAL 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 4 CORRAL CLOSE?

4 CORRAL CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 4 on CORRAL CLOSE.