5, SCARLETT CLOSE, CHATHAM, ME5 8LE - £350,000

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 SCARLETT CLOSE is a very small detached house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £372,804. It was last sold for £350,000 in March 2024, which was around 30% below the average March 2024 detached price in the Medway local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was B.

5 SCARLETT CLOSE Sold Prices

Land registry data shows two sales for 5 SCARLETT 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 SCARLETT 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
2024 5 MAR	£350,000	£500,023	30% below HPI
2002 19 AUG	£138,000	£198,713	31% below HPI

5 SCARLETT 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 SCARLETT CLOSE sales from August 2002 and March 2024 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 2002 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2024 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 5 SCARLETT CLOSE be worth now?

5 SCARLETT CLOSE might now be worth an estimated £372,804.

This is based on house price inflation of 6.5%, between March 2024 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 6.5% inflationary increase is applied to the most recent sale price for 5 SCARLETT CLOSE of £350,000 on 5th March 2024. For the value to have increased from £350,000 to £372,804 over the three months to December 2024, the following assumptions must hold true:

• The value of 5 SCARLETT CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SCARLETT CLOSE has not materially changed since March 2024.

How Large is 5 SCARLETT CLOSE?

5 SCARLETT CLOSE is 56m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% 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 SCARLETT CLOSE lies on this distribution: 2% of detached houses houses are smaller than 5 SCARLETT CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Chatham.

5 SCARLETT CLOSE: Plot and Title Map

5 SCARLETT CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 5 SCARLETT 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 SCARLETT 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 SCARLETT CLOSE?

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