9, MERTON CLOSE, CHATHAM, ME5 8YX - £230,000

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 MERTON CLOSE is a small detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £474,731. It was last sold for £230,000 in March 2012, which was around 11% below the average March 2012 detached price in the Medway local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was C.

9 MERTON CLOSE Sold Prices

Land registry data shows two sales for 9 MERTON 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. Both of the two 9 MERTON 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
2012 23 MAR	£230,000	£258,037	11% below HPI
2006 24 APR	£217,000	£254,376	15% below HPI

9 MERTON 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 MERTON CLOSE sales from April 2006 and March 2012 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 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2012 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 9 MERTON CLOSE be worth now?

9 MERTON CLOSE might now be worth an estimated £474,731.

This is based on house price inflation of 106.4%, between March 2012 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 106.4% inflationary increase is applied to the most recent sale price for 9 MERTON CLOSE of £230,000 on 23rd March 2012. For the value to have increased from £230,000 to £474,731 over the eleven years and three months to December 2024, the following assumptions must hold true:

• The value of 9 MERTON CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The March 2012 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 9 MERTON CLOSE has not materially changed since March 2012.

How Large is 9 MERTON CLOSE?

9 MERTON CLOSE is 94m² according to the EPC inspection conducted in February 2010. 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 MERTON CLOSE lies on this distribution: 29% of detached houses houses are smaller than 9 MERTON CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Chatham.

9 MERTON CLOSE: Plot and Title Map

9 MERTON CLOSE sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of 9 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 9 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 9 MERTON CLOSE?

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