5, FALKLAND PLACE, CHATHAM, ME5 9HR - £350,000

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 FALKLAND PLACE is a midsized extended detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £456,936. It was last sold for £350,000 in April 2016, which was around 34% below the average April 2016 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

5 FALKLAND PLACE Sold Prices

Land registry data shows two sales for 5 FALKLAND PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tonbridge and Malling local authority area for the corresponding sale date. Both of the two 5 FALKLAND PLACE 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 13 APR	£350,000	£527,282	34% below HPI
2004 9 FEB	£190,000	£307,959	38% below HPI

5 FALKLAND PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The two 5 FALKLAND PLACE sales from February 2004 and April 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 February 2004 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2016 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 FALKLAND PLACE be worth now?

5 FALKLAND PLACE might now be worth an estimated £456,936.

This is based on house price inflation of 30.6%, between April 2016 and February 2025, for detached houses, in the Tonbridge and Malling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.6% inflationary increase is applied to the most recent sale price for 5 FALKLAND PLACE of £350,000 on 13th April 2016. For the value to have increased from £350,000 to £456,936 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 5 FALKLAND PLACE has moved in line with the HPI for detached houses in the Tonbridge and Malling local authority area.
• The April 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FALKLAND PLACE has not materially changed since April 2016.

How Large is 5 FALKLAND PLACE?

5 FALKLAND PLACE is 102m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% 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 FALKLAND PLACE lies on this distribution: 40% of detached houses houses are smaller than 5 FALKLAND PLACE, and 58% of houses are larger. Note that EPC data is not available for all properties in Chatham.

5 FALKLAND PLACE: Plot and Title Map

5 FALKLAND PLACE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 5 FALKLAND PLACE, 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 FALKLAND PLACE). 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 FALKLAND PLACE?

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