5, CORRAL CLOSE, CHATHAM, ME5 7EQ - £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

5 CORRAL CLOSE is a large detached house of 131m², built sometime between 1983 and 1990. It was last sold for £250,000 in March 2014, which was around 14% below the average March 2014 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 C.

5 CORRAL CLOSE Sold Prices

Land registry data shows two sales for 5 CORRAL 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 5 CORRAL 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
2014 5 MAR	£250,000	£292,238	14% below HPI
2001 9 AUG	£148,000	£163,543	10% below HPI

5 CORRAL 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 5 CORRAL CLOSE sales from August 2001 and March 2014 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 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 5 CORRAL CLOSE be worth now?

5 CORRAL CLOSE might now be worth an estimated £455,623.

This is based on house price inflation of 82.2%, between March 2014 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 82.2% inflationary increase is applied to the most recent sale price for 5 CORRAL CLOSE of £250,000 on 5th March 2014. For the value to have increased from £250,000 to £455,623 over the nine years and three months to December 2024, the following assumptions must hold true:

• The value of 5 CORRAL CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CORRAL CLOSE has not materially changed since March 2014.

How Large is 5 CORRAL CLOSE?

5 CORRAL CLOSE is 131m² according to the EPC inspection conducted in September 2023. This puts it in the largest 40% 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 CORRAL CLOSE lies on this distribution: 69% of detached houses houses are smaller than 5 CORRAL CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Chatham.

5 CORRAL CLOSE: Plot and Title Map

5 CORRAL CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 5 CORRAL 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 5 CORRAL 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 5 CORRAL CLOSE?

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