49, RESOLUTION CLOSE, CHATHAM, ME5 7RJ - £260,000

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

49 RESOLUTION CLOSE is a very small detached house of 80m², built sometime between 1983 and 1990. It was last sold for £260,000 in May 2016, which was around 33% below the average May 2016 detached price in the Medway local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

49 RESOLUTION CLOSE Sold Prices

Land registry data shows two sales for 49 RESOLUTION CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Both of the two 49 RESOLUTION 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
2016 31 MAY	£260,000	£386,262	33% below HPI
2014 10 JAN	£125,000	£284,798	56% below HPI

49 RESOLUTION 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 two 49 RESOLUTION CLOSE sales from January 2014 and May 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 January 2014 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the May 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 49 RESOLUTION CLOSE be worth now?

49 RESOLUTION CLOSE might now be worth an estimated £358,503.

This is based on house price inflation of 37.9%, between May 2016 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 37.9% inflationary increase is applied to the most recent sale price for 49 RESOLUTION CLOSE of £260,000 on 31st May 2016. For the value to have increased from £260,000 to £358,503 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 49 RESOLUTION CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The May 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 49 RESOLUTION CLOSE has not materially changed since May 2016.

How Large is 49 RESOLUTION CLOSE?

49 RESOLUTION CLOSE is 80m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 20% 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 49 RESOLUTION CLOSE lies on this distribution: 15% of detached houses houses are smaller than 49 RESOLUTION CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Chatham.

49 RESOLUTION CLOSE: Plot and Title Map

49 RESOLUTION CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 49 RESOLUTION 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 RESOLUTION 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 RESOLUTION CLOSE?

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