4, FOWEY CLOSE, CHATHAM, ME5 8JX - £283,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 FOWEY CLOSE is a very small semi-detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £350,310. It was last sold for £283,000 in February 2019, which was about the average February 2019 semi-detached price in the Medway local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

4 FOWEY CLOSE Sold Prices

Land registry data shows four sales for 4 FOWEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. The four 4 FOWEY CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2019 22 FEB	£283,000	£284,046	Close to HPI
2014 22 OCT	£196,000	£208,294	6% below HPI
2006 3 FEB	£90,000	£167,079	46% below HPI
1995 6 OCT	£59,995	£52,375	15% above HPI

4 FOWEY CLOSE 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 four 4 FOWEY CLOSE sales between October 1995 and February 2019 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 October 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2019 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 4 FOWEY CLOSE be worth now?

4 FOWEY CLOSE might now be worth an estimated £350,310.

This is based on house price inflation of 23.8%, between February 2019 and February 2025, 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 23.8% inflationary increase is applied to the most recent sale price for 4 FOWEY CLOSE of £283,000 on 22nd February 2019. For the value to have increased from £283,000 to £350,310 over the six years to February 2025, the following assumptions must hold true:

• The value of 4 FOWEY CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The February 2019 sale price of £283,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FOWEY CLOSE has not materially changed since February 2019.

How Large is 4 FOWEY CLOSE?

4 FOWEY CLOSE is 71m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 10% 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 4 FOWEY CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 4 FOWEY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chatham.

4 FOWEY CLOSE: Plot and Title Map

4 FOWEY CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 4 FOWEY 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 FOWEY 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 FOWEY CLOSE?

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