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

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

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 32% 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. One of the two 8 FERNBANK 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
2020 11 DEC	£425,000	£624,407	32% below HPI
1995 31 AUG	£119,000	£116,654	2% above 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 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the December 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 8 FERNBANK CLOSE be worth now?

8 FERNBANK CLOSE might now be worth an estimated £458,007.

This is based on house price inflation of 7.8%, between December 2020 and December 2024, for detached houses, in the Tonbridge and Malling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.8% inflationary increase is applied to the most recent sale price for 8 FERNBANK CLOSE of £425,000 on 11th December 2020. For the value to have increased from £425,000 to £458,007 over the four years to December 2024, the following assumptions must hold true:

• The value of 8 FERNBANK CLOSE has moved in line with the HPI for detached houses in the Tonbridge and Malling local authority area.
• The December 2020 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FERNBANK CLOSE has not materially changed since December 2020.

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 houses in Chatham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chatham, and where 8 FERNBANK CLOSE lies on this distribution: 61% of detached houses 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.