7K, SMITH ROAD, CHATHAM, ME5 8DR - £240,000

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

7K SMITH ROAD is a small extended semi-detached house of 86m², built sometime between 1991 and 1995. It was last sold for £240,000 in January 2016, which was around 32% below the average January 2016 detached price in the Medway local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

7K SMITH ROAD Sold Prices

Land registry data shows three sales for 7K SMITH ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three 7K SMITH ROAD 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
2016 28 JAN	£240,000	£354,513	32% below HPI
2012 16 FEB	£170,000	£252,691	33% below HPI
2007 9 FEB	£182,000	£263,941	31% below HPI

7K SMITH ROAD 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 three 7K SMITH ROAD sales between February 2007 and January 2016 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 February 2012 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2016 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 7K SMITH ROAD?

7K SMITH ROAD is 86m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 7K SMITH ROAD lies on this distribution: 21% of detached houses are smaller than 7K SMITH ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Chatham.

7K SMITH ROAD: Plot and Title Map

7K SMITH ROAD sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 7K SMITH ROAD, 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 7K SMITH ROAD). 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 7K SMITH ROAD?

7K SMITH ROAD is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 7K on SMITH ROAD.