4, WEY CLOSE, CHATHAM, ME5 8JW - £185,000

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

4 WEY CLOSE is a very small semi-detached house of 66m², built sometime between 1983 and 1990. It was last sold for £185,000 in September 2016, which was around 29% below the average September 2016 semi-detached price in the Medway local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

4 WEY CLOSE Sold Prices

Land registry data shows five sales for 4 WEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the five 4 WEY 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
2016 23 SEP	£185,000	£261,600	29% below HPI
2005 14 OCT	£152,995	£165,803	8% below HPI
2004 6 APR	£133,500	£154,981	14% below HPI
2000 22 NOV	£72,000	£89,113	19% below HPI
1995 20 JAN	£49,000	£54,173	10% below HPI

4 WEY 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 five 4 WEY CLOSE sales between January 1995 and September 2016 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 2005 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2016 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 4 WEY CLOSE be worth now?

4 WEY CLOSE might now be worth an estimated £246,426.

This is based on house price inflation of 33.2%, between September 2016 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 33.2% inflationary increase is applied to the most recent sale price for 4 WEY CLOSE of £185,000 on 23rd September 2016. For the value to have increased from £185,000 to £246,426 over the seven years and nine months to December 2024, the following assumptions must hold true:

• The value of 4 WEY CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The September 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WEY CLOSE has not materially changed since September 2016.

How Large is 4 WEY CLOSE?

4 WEY CLOSE is 66m² according to the EPC inspection conducted in April 2010. 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 WEY CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 4 WEY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Chatham.

4 WEY CLOSE: Plot and Title Map

4 WEY CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 4 WEY 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 WEY 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 WEY CLOSE?

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