2 Redwood Close

    2, REDWOOD CLOSE, CHATHAM, ME5 8QL

    This detached freehold property on Redwood Close last sold in May 2024 for £455,000. Based on price growth in the ME5 district since then, its estimated current value is £460,839 — placing it in the 75th percentile nationally and the 89th percentile within ME5. The property covers 97 m² (1,044 sq ft), giving an estimated value of £4,751 per m². The EPC rating is C, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,044 sq ft

    97 m²

    Last Sale Price

    £455,000

    May 2024

    Estimated Valuation

    £460,839

    Est. £/sq ft

    £441/sq ft

    £4,751/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1950-1966
    Habitable rooms6
    Main fuelmains gas (not community)
    EPC currentC
    EPC potentialB
    Floor area1,044 sq ft (97 m²)
    EPC dateMar 2023
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, mains gas

    Transaction History

    31 May 2024

    £455,000

    Key Metrics

    Estimated valuation£460,839
    Value per sq ft / m²£441/sq ft (£4,751/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    ME5 district percentile89th percentile
    National percentile75th percentile

    District Context — ME5

    ME5 covers parts of the Medway Towns area in Kent, situated in the south-east of England. It is a mixed residential district with a blend of suburban neighbourhoods and established communities.

    Average Property Price - ME5

    £327,490

    51

    National percentile

    Average Net Household Income - ME5

    £40,234

    59

    National percentile

    10-Year Annualised Price Growth - ME5

    4.7%

    83

    National percentile

    10-Year Annualised Rent Growth - ME

    4.8%

    89

    National percentile

    View full analysis for ME5

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