40, MILLS TERRACE, CHATHAM, ME4 5NY - £160,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 MILLS TERRACE is a very small extended detached house of 76m², built sometime between 1983 and 1990. It was last sold for £160,000 in February 2016, which was around 56% below the average February 2016 detached price in the Medway local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

40 MILLS TERRACE Sold Prices

Land registry data shows three sales for 40 MILLS TERRACE 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 MILLS TERRACE 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 26 FEB	£160,000	£359,607	56% below HPI
2014 11 JUL	£100,000	£300,368	67% below HPI
2004 26 MAR	£106,995	£237,856	55% below HPI

40 MILLS TERRACE 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 MILLS TERRACE sales between March 2004 and February 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 July 2014 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the February 2016 sale, where it rises to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 40 MILLS TERRACE?

40 MILLS TERRACE is 76m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 40 MILLS TERRACE lies on this distribution: 12% of detached houses are smaller than 40 MILLS TERRACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Chatham.

40 MILLS TERRACE: Plot and Title Map

40 MILLS TERRACE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 40 MILLS TERRACE, 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 MILLS TERRACE). 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 MILLS TERRACE?

40 MILLS TERRACE is located in CHATHAM, in the ME4 postcode district. The below map shows the position of No. 40 on MILLS TERRACE.