5, CHEGWELL DRIVE, CHATHAM, ME5 8HD - £435,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 CHEGWELL DRIVE is a large extended detached house of 149m², built sometime between 1983 and 1990, which could now be worth an estimated £652,713. It was last sold for £435,000 in November 2015, which was around 21% above the average November 2015 detached price in the Medway local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was C.

5 CHEGWELL DRIVE Sold Prices

Land registry data shows two sales for 5 CHEGWELL DRIVE 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 5 CHEGWELL DRIVE 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
2015 17 NOV	£435,000	£358,997	21% above HPI
1996 7 JUN	£113,000	£84,529	34% above HPI

5 CHEGWELL DRIVE 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 5 CHEGWELL DRIVE sales from June 1996 and November 2015 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 1996 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2015 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 5 CHEGWELL DRIVE be worth now?

5 CHEGWELL DRIVE might now be worth an estimated £652,713.

This is based on house price inflation of 50%, between November 2015 and February 2025, 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 50% inflationary increase is applied to the most recent sale price for 5 CHEGWELL DRIVE of £435,000 on 17th November 2015. For the value to have increased from £435,000 to £652,713 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 CHEGWELL DRIVE has moved in line with the HPI for detached houses in the Medway local authority area.
• The November 2015 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHEGWELL DRIVE has not materially changed since November 2015.

How Large is 5 CHEGWELL DRIVE?

5 CHEGWELL DRIVE is 149m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% 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 5 CHEGWELL DRIVE lies on this distribution: 78% of detached houses houses are smaller than 5 CHEGWELL DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Chatham.

5 CHEGWELL DRIVE: Plot and Title Map

5 CHEGWELL DRIVE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 5 CHEGWELL DRIVE, 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 5 CHEGWELL DRIVE). 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 5 CHEGWELL DRIVE?

5 CHEGWELL DRIVE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 5 on CHEGWELL DRIVE.