59, SHANKLIN CLOSE, CHATHAM, ME5 7QL - £240,000

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

59 SHANKLIN CLOSE is a very small detached house of 64m², built sometime between 1983 and 1990. It was last sold for £240,000 in October 2020, which was around 47% below the average October 2020 detached price in the Medway local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

59 SHANKLIN CLOSE Sold Prices

Land registry data shows four sales for 59 SHANKLIN 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 59 SHANKLIN 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
2020 22 OCT	£240,000	£453,235	47% below HPI
2016 15 APR	£320,000	£384,779	17% below HPI
2013 8 MAR	£125,000	£268,084	53% below HPI
1998 30 MAR	£52,000	£101,852	49% below HPI

59 SHANKLIN 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 59 SHANKLIN CLOSE sales between March 1998 and October 2020 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 April 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2020 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 59 SHANKLIN CLOSE be worth now?

59 SHANKLIN CLOSE might now be worth an estimated £282,026.

This is based on house price inflation of 17.5%, between October 2020 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 17.5% inflationary increase is applied to the most recent sale price for 59 SHANKLIN CLOSE of £240,000 on 22nd October 2020. For the value to have increased from £240,000 to £282,026 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 59 SHANKLIN CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The October 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 59 SHANKLIN CLOSE has not materially changed since October 2020.

How Large is 59 SHANKLIN CLOSE?

59 SHANKLIN CLOSE is 64m² according to the EPC inspection conducted in June 2015. 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 59 SHANKLIN CLOSE lies on this distribution: 4% of detached houses houses are smaller than 59 SHANKLIN CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Chatham.

59 SHANKLIN CLOSE: Plot and Title Map

59 SHANKLIN CLOSE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 59 SHANKLIN 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 59 SHANKLIN 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 59 SHANKLIN CLOSE?

59 SHANKLIN CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 59 on SHANKLIN CLOSE.