7, COLCHESTER CLOSE, CHATHAM, ME5 0HQ - £230,000

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

7 COLCHESTER CLOSE is a very small extended semi-detached house of 53m², built sometime between 1983 and 1990, which could now be worth an estimated £278,980. It was last sold for £230,000 in October 2018, which was around 20% below the average October 2018 semi-detached price in the Medway local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

7 COLCHESTER CLOSE Sold Prices

Land registry data shows five sales for 7 COLCHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the five 7 COLCHESTER 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 26 OCT	£230,000	£287,281	20% below HPI
2012 10 JUL	£122,000	£171,152	29% below HPI
2003 6 FEB	£98,500	£135,760	27% below HPI
2001 25 MAY	£69,995	£93,968	26% below HPI
1996 10 DEC	£36,000	£55,380	35% below HPI

7 COLCHESTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The five 7 COLCHESTER CLOSE sales between December 1996 and October 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 July 2012 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2018 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 7 COLCHESTER CLOSE be worth now?

7 COLCHESTER CLOSE might now be worth an estimated £278,980.

This is based on house price inflation of 21.3%, between October 2018 and December 2024, for semi-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 21.3% inflationary increase is applied to the most recent sale price for 7 COLCHESTER CLOSE of £230,000 on 26th October 2018. For the value to have increased from £230,000 to £278,980 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of 7 COLCHESTER CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The October 2018 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 7 COLCHESTER CLOSE has not materially changed since October 2018.

How Large is 7 COLCHESTER CLOSE?

7 COLCHESTER CLOSE is 53m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of semi-detached houses houses in Chatham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chatham, and where 7 COLCHESTER CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 7 COLCHESTER CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Chatham.

7 COLCHESTER CLOSE: Plot and Title Map

7 COLCHESTER CLOSE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 7 COLCHESTER 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 7 COLCHESTER 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 7 COLCHESTER CLOSE?

7 COLCHESTER CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 7 on COLCHESTER CLOSE.