8, FERNBANK CLOSE, CHATHAM, ME5 9NH - £425,000

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

8 FERNBANK CLOSE is a large detached house of 121m², built sometime between 1967 and 1975. It was last sold for £425,000 in December 2020, which was around 34% below the average December 2020 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

8 FERNBANK CLOSE Sold Prices

Land registry data shows two sales for 8 FERNBANK 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 Tonbridge and Malling local authority area for the corresponding sale date. Both of the two 8 FERNBANK 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 11 DEC	£425,000	£644,415	34% below HPI
1995 31 AUG	£119,000	£120,392	1% below HPI

8 FERNBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The two 8 FERNBANK CLOSE sales from August 1995 and December 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 August 1995 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2020 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 8 FERNBANK CLOSE?

8 FERNBANK CLOSE is 121m² according to the EPC inspection conducted in January 2020. This puts it in the largest 40% of detached houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses by size in Chatham, and where 8 FERNBANK CLOSE lies on this distribution: 60% of detached houses are smaller than 8 FERNBANK CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Chatham.

8 FERNBANK CLOSE: Plot and Title Map

8 FERNBANK CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 8 FERNBANK 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 8 FERNBANK 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 8 FERNBANK CLOSE?

8 FERNBANK CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 8 on FERNBANK CLOSE.