41, ILLUSTRIOUS CLOSE, CHATHAM, ME5 7RW - £435,000

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

41 ILLUSTRIOUS CLOSE is a midsized extended detached house of 115m², built sometime between 1983 and 1990. It was last sold for £435,000 in March 2024, which was around 13% below the average March 2024 detached price in the Medway local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

41 ILLUSTRIOUS CLOSE Sold Prices

Land registry data shows four sales for 41 ILLUSTRIOUS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 41 ILLUSTRIOUS 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
2024 28 MAR	£435,000	£500,023	13% below HPI
2011 11 MAR	£185,000	£263,057	30% below HPI
2006 18 OCT	£178,000	£268,507	34% below HPI
1998 10 NOV	£87,000	£109,624	21% below HPI

41 ILLUSTRIOUS 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 four 41 ILLUSTRIOUS CLOSE sales between November 1998 and March 2024 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 March 2011 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2024 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 41 ILLUSTRIOUS CLOSE be worth now?

41 ILLUSTRIOUS CLOSE might now be worth an estimated £463,342.

This is based on house price inflation of 6.5%, between March 2024 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 6.5% inflationary increase is applied to the most recent sale price for 41 ILLUSTRIOUS CLOSE of £435,000 on 28th March 2024. For the value to have increased from £435,000 to £463,342 over the three months to December 2024, the following assumptions must hold true:

• The value of 41 ILLUSTRIOUS CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2024 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 41 ILLUSTRIOUS CLOSE has not materially changed since March 2024.

How Large is 41 ILLUSTRIOUS CLOSE?

41 ILLUSTRIOUS CLOSE is 115m², which includes three extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 50% 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 41 ILLUSTRIOUS CLOSE lies on this distribution: 55% of detached houses houses are smaller than 41 ILLUSTRIOUS CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Chatham.

41 ILLUSTRIOUS CLOSE: Plot and Title Map

41 ILLUSTRIOUS CLOSE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 41 ILLUSTRIOUS 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 41 ILLUSTRIOUS 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 41 ILLUSTRIOUS CLOSE?

41 ILLUSTRIOUS CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 41 on ILLUSTRIOUS CLOSE.