7, MERTON CLOSE, CHATHAM, ME5 8YX - £300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 MERTON CLOSE is a very small semi-detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £340,503. It was last sold for £300,000 in September 2021, which was around 4% below the average September 2021 semi-detached price in the Medway local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

7 MERTON CLOSE Sold Prices

Land registry data shows two sales for 7 MERTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. One of the two 7 MERTON CLOSE sales was for below the average price, whilst the other was for above 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
2021 22 SEP	£300,000	£311,006	4% below HPI
2003 25 APR	£150,000	£139,512	8% above HPI

7 MERTON 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 two 7 MERTON CLOSE sales from April 2003 and September 2021 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 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 7 MERTON CLOSE be worth now?

7 MERTON CLOSE might now be worth an estimated £340,503.

This is based on house price inflation of 13.5%, between September 2021 and March 2025, 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 13.5% inflationary increase is applied to the most recent sale price for 7 MERTON CLOSE of £300,000 on 22nd September 2021. For the value to have increased from £300,000 to £340,503 over the four years and six months to March 2025, the following assumptions must hold true:

• The value of 7 MERTON CLOSE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The September 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MERTON CLOSE has not materially changed since September 2021.

How Large is 7 MERTON CLOSE?

7 MERTON CLOSE is 65m² according to the EPC inspection conducted in December 2023. 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 MERTON CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 7 MERTON CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Chatham.

7 MERTON CLOSE: Plot and Title Map

7 MERTON CLOSE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 7 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 7 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 7 MERTON CLOSE?

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