48, ILLUSTRIOUS CLOSE, CHATHAM, ME5 7RW - £250,000

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

48 ILLUSTRIOUS CLOSE is a very small semi-detached house of 71m², built sometime between 1983 and 1990. It was last sold for £250,000 in March 2016, which was around 4% above the average March 2016 semi-detached price in the Medway local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

48 ILLUSTRIOUS CLOSE Sold Prices

Land registry data shows four sales for 48 ILLUSTRIOUS 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. Most of the four 48 ILLUSTRIOUS CLOSE sales were for above 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 18 MAR	£250,000	£240,855	4% above HPI
2013 2 AUG	£190,000	£178,986	6% above HPI
2007 29 JUN	£179,995	£183,944	2% below HPI
2001 29 OCT	£104,995	£101,164	4% above HPI

48 ILLUSTRIOUS 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 48 ILLUSTRIOUS CLOSE sales between October 2001 and March 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 August 2013 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 48 ILLUSTRIOUS CLOSE be worth now?

48 ILLUSTRIOUS CLOSE might now be worth an estimated £361,690.

This is based on house price inflation of 44.7%, between March 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 44.7% inflationary increase is applied to the most recent sale price for 48 ILLUSTRIOUS CLOSE of £250,000 on 18th March 2016. For the value to have increased from £250,000 to £361,690 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 48 ILLUSTRIOUS CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The March 2016 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 48 ILLUSTRIOUS CLOSE has not materially changed since March 2016.

How Large is 48 ILLUSTRIOUS CLOSE?

48 ILLUSTRIOUS CLOSE is 71m² according to the EPC inspection conducted in April 2013. 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 48 ILLUSTRIOUS CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 48 ILLUSTRIOUS CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chatham.

48 ILLUSTRIOUS CLOSE: Plot and Title Map

48 ILLUSTRIOUS CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 48 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 48 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 48 ILLUSTRIOUS CLOSE?

48 ILLUSTRIOUS CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 48 on ILLUSTRIOUS CLOSE.