49, OLIVINE CLOSE, CHATHAM, ME5 9NQ - £261,500

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

49 OLIVINE CLOSE is a very small semi-detached house of 58m², built sometime between 1983 and 1990. It was last sold for £261,500 in August 2018, which was around 21% below the average August 2018 semi-detached price in the Maidstone local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

49 OLIVINE CLOSE Sold Prices

Land registry data shows three sales for 49 OLIVINE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Maidstone local authority area for the corresponding sale date. All of the three 49 OLIVINE 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
2018 3 AUG	£261,500	£330,250	21% below HPI
2002 5 JUN	£116,995	£145,206	19% below HPI
1997 16 JUN	£60,000	£76,888	22% below HPI

49 OLIVINE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Maidstone local authority area over time, sourced from the HPI. The three 49 OLIVINE CLOSE sales between June 1997 and August 2018 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 June 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 49 OLIVINE CLOSE be worth now?

49 OLIVINE CLOSE might now be worth an estimated £300,457.

This is based on house price inflation of 14.9%, between August 2018 and December 2024, for semi-detached houses, in the Maidstone local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for 49 OLIVINE CLOSE of £261,500 on 3rd August 2018. For the value to have increased from £261,500 to £300,457 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 49 OLIVINE CLOSE has moved in line with the HPI for semi-detached houses in the Maidstone local authority area.
• The August 2018 sale price of £261,500 represented a fair market value for the property.
• The size, condition, and specification of 49 OLIVINE CLOSE has not materially changed since August 2018.

How Large is 49 OLIVINE CLOSE?

49 OLIVINE CLOSE is 58m² according to the EPC inspection conducted in March 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 49 OLIVINE CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 49 OLIVINE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Chatham.

49 OLIVINE CLOSE: Plot and Title Map

49 OLIVINE CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 49 OLIVINE 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 49 OLIVINE 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 49 OLIVINE CLOSE?

49 OLIVINE CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 49 on OLIVINE CLOSE.