40, FORT PITT STREET, CHATHAM, ME4 6TA - £70,000

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

40 FORT PITT STREET is a very small detached house of 42m², built sometime between 1996 and 2002, which could now be worth an estimated £171,439. It was last sold for £70,000 in December 2002, which was around 68% below the average December 2002 detached price in the Medway local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was A.

40 FORT PITT STREET Sold Prices

Land registry data shows three sales for 40 FORT PITT STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 40 FORT PITT STREET 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
2002 9 DEC	£70,000	£217,466	68% below HPI
1999 3 SEP	£39,000	£119,242	67% below HPI
1995 10 JUN	£30,500	£84,117	64% below HPI

40 FORT PITT STREET 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 three 40 FORT PITT STREET sales between June 1995 and December 2002 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 September 1999 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the December 2002 sale, where it falls to 68% below the HPI. The line then continues to track at 68% below the HPI.

What might 40 FORT PITT STREET be worth now?

40 FORT PITT STREET might now be worth an estimated £171,439.

This is based on house price inflation of 144.9%, between December 2002 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 144.9% inflationary increase is applied to the most recent sale price for 40 FORT PITT STREET of £70,000 on 9th December 2002. For the value to have increased from £70,000 to £171,439 over the 22 years to December 2024, the following assumptions must hold true:

• The value of 40 FORT PITT STREET has moved in line with the HPI for detached houses in the Medway local authority area.
• The December 2002 sale price of £70,000 represented a fair market value for the property.
• The size, condition, and specification of 40 FORT PITT STREET has not materially changed since December 2002.

How Large is 40 FORT PITT STREET?

40 FORT PITT STREET is 42m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% 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 40 FORT PITT STREET lies on this distribution: Less than 1% of detached houses houses are smaller than 40 FORT PITT STREET, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Chatham.

40 FORT PITT STREET: Plot and Title Map

40 FORT PITT STREET sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 40 FORT PITT STREET, 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 40 FORT PITT STREET). 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 40 FORT PITT STREET?

40 FORT PITT STREET is located in CHATHAM, in the ME4 postcode district. The below map shows the position of No. 40 on FORT PITT STREET.