5, MERTON CLOSE, CHATHAM, ME5 8YX - £303,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 MERTON CLOSE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £303,500 in January 2018, which was around 28% below the average January 2018 detached price in the Medway local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

5 MERTON CLOSE Sold Prices

Land registry data shows four sales for 5 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four 5 MERTON 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
2018 8 JAN	£303,500	£423,389	28% below HPI
2009 15 DEC	£182,000	£249,645	27% below HPI
2002 28 MAR	£120,500	£174,625	31% below HPI
1999 28 OCT	£83,000	£119,346	30% below HPI

5 MERTON 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 four 5 MERTON CLOSE sales between October 1999 and January 2018 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 December 2009 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2018 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 5 MERTON CLOSE?

5 MERTON CLOSE is 75m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 5 MERTON CLOSE lies on this distribution: 12% of detached houses are smaller than 5 MERTON CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Chatham.

5 MERTON CLOSE: Plot and Title Map

5 MERTON CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 5 MERTON 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 MERTON 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 MERTON CLOSE?

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