5, GREENACRE CLOSE, CHATHAM, ME5 7JJ - £247,000

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 GREENACRE CLOSE is a very small detached house of 81m², built sometime between 1967 and 1975. It was last sold for £247,000 in March 2008, which was around 13% below the average March 2008 detached price in the Medway local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

5 GREENACRE CLOSE Sold Prices

Land registry data shows two sales for 5 GREENACRE 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 GREENACRE 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
2008 20 MAR	£247,000	£284,915	13% below HPI
2006 6 JAN	£215,000	£254,039	15% below HPI

5 GREENACRE 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 GREENACRE CLOSE sales from January 2006 and March 2008 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 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2008 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 5 GREENACRE CLOSE be worth now?

5 GREENACRE CLOSE might now be worth an estimated £461,725.

This is based on house price inflation of 86.9%, between March 2008 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 86.9% inflationary increase is applied to the most recent sale price for 5 GREENACRE CLOSE of £247,000 on 20th March 2008. For the value to have increased from £247,000 to £461,725 over the fifteen years and three months to December 2024, the following assumptions must hold true:

• The value of 5 GREENACRE CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2008 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GREENACRE CLOSE has not materially changed since March 2008.

How Large is 5 GREENACRE CLOSE?

5 GREENACRE CLOSE is 81m² according to the EPC inspection conducted in March 2014. 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 5 GREENACRE CLOSE lies on this distribution: 17% of detached houses houses are smaller than 5 GREENACRE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Chatham.

5 GREENACRE CLOSE: Plot and Title Map

5 GREENACRE CLOSE sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 5 GREENACRE 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 GREENACRE 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 GREENACRE CLOSE?

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