9, MARION CLOSE, CHATHAM, ME5 9QA - £450,000

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

9 MARION CLOSE is a small detached house of 87m², built sometime between 1976 and 1982. It was last sold for £450,000 in September 2022, which was around 16% below the average September 2022 detached price in the Medway local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

9 MARION CLOSE Sold Prices

Land registry data shows two sales for 9 MARION 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 Medway local authority area for the corresponding sale date. One of the two 9 MARION 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
2022 30 SEP	£450,000	£534,636	16% below HPI
1999 16 SEP	£135,000	£119,242	13% above HPI

9 MARION CLOSE 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 two 9 MARION CLOSE sales from September 1999 and September 2022 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 September 1999 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the September 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 9 MARION CLOSE be worth now?

9 MARION CLOSE might now be worth an estimated £448,287.

This is based on house price deflation of 0.4%, between September 2022 and December 2024, for 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 0.4% deflationary decrease is applied to the most recent sale price for 9 MARION CLOSE of £450,000 on 30th September 2022. For the value to have decreased from £450,000 to £448,287 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 9 MARION CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The September 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 9 MARION CLOSE has not materially changed since September 2022.

How Large is 9 MARION CLOSE?

9 MARION CLOSE is 87m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% 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 9 MARION CLOSE lies on this distribution: 22% of detached houses houses are smaller than 9 MARION CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Chatham.

9 MARION CLOSE: Plot and Title Map

9 MARION CLOSE sits on a plot of roughly 0.185 of an acre, or 750m². The below map shows the location of 9 MARION 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 9 MARION 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 9 MARION CLOSE?

9 MARION CLOSE is located in CHATHAM, in the ME5 postcode district. The below map shows the position of No. 9 on MARION CLOSE.