Spembly Works, New Road Avenue - ME4 6AZ
Key Building Insights
Spembly Works, New Road Avenue is a residential building situated on New Road Avenue, Chatham, ME4 with 33 addresses.
It ranks as the 616th largest and 75th most expensive of the 642 buildings in the ME4 area. The most common property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 33 properties: 32 flats and 1 other property.
- Ave. Sale Price
- £117,032
- 10 Year change
- up 20.3%
- Ave. Rental Price
- £847pcm
- 10 Year change
- up 35.7%
- Ave. £ per ft²
- £189/ft²
- Ave. Gross Yield
- 8.7%/year/yr
Key Building Insights
Spembly Works, New Road Avenue is a residential building situated on New Road Avenue, Chatham, ME4 with 33 addresses.
It ranks as the 616th largest and 75th most expensive of the 642 buildings in the ME4 area. The most common property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 33 properties: 32 flats and 1 other property.
- Ave. Sale Price
- £117,032
- 10 Year change
- up 20.3%
- Ave. Rental Price
- £847pcm
- 10 Year change
- up 35.7%
- Ave. £ per ft²
- £189/ft²
- Ave. Gross Yield
- 8.7%/year/yr
Explore Properties on New Road Avenue, Chatham, ME4
- Flat 1, Spembly Works 13 New Road Avenue
1 Bed Mid-century Flat
- Flat 2, Spembly Works 13 New Road Avenue
2 Bed Mid-century Flat
- Flat 3, Spembly Works 13 New Road Avenue
2 Bed Mid-century Flat
- Flat 4, Spembly Works 13 New Road Avenue
1 Bed Mid-century Flat
- Flat 5, Spembly Works 13 New Road Avenue
1 Bed Mid-century Flat
Sales Market Trends
The last sale in Spembly Works, New Road Avenue sold for £80,000 on 29th March 2021. Since then prices are up an average of 9.4%.
The current average value in the building is £117,032.
The Spembly Works, New Road Avenue Sales Market has increased by 20.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 0.1% | £117,032 |
| July 2025 | 0.5% | £116,868 |
| July 2024 | -2.5% | £116,323 |
| July 2023 | -1.8% | £119,315 |
| July 2022 | 10.9% | £121,561 |
| July 2021 | 3.5% | £109,597 |
| July 2020 | 3.4% | £105,913 |
| July 2019 | -0.1% | £102,415 |
| July 2018 | 1.8% | £102,489 |
| July 2017 | 3.5% | £100,673 |
| July 2016 | 18.6% | £97,314 |
| July 2015 | 4.8% | £82,084 |
| July 2014 | 13.8% | £78,307 |
| July 2013 | -2.7% | £68,838 |
| July 2012 | -0.9% | £70,771 |
| July 2011 | -3.6% | £71,399 |
| July 2010 | 5.1% | £74,069 |
| July 2009 | -14.7% | £70,460 |
| July 2008 | -4% | £82,567 |
| July 2007 | 0% | £86,025 |
Rental Market Trends
The current average rental value in the building is £847.
The Spembly Works, New Road Avenue Rental Market has increased by 35.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 1.9% | £847pcm |
| July 2025 | 1.2% | £831pcm |
| July 2024 | 4.4% | £821pcm |
| July 2023 | 11.2% | £786pcm |
| July 2022 | 8% | £707pcm |
| July 2021 | 5.2% | £655pcm |
| July 2020 | 1.7% | £622pcm |
| July 2019 | -0.5% | £612pcm |
| July 2018 | -0.4% | £614pcm |
| July 2017 | -1.1% | £617pcm |
| July 2016 | 6.9% | £624pcm |
| July 2015 | 8.7% | £584pcm |
| July 2014 | 1.4% | £537pcm |
| July 2013 | -1% | £530pcm |
| July 2012 | 1% | £536pcm |
| July 2011 | 4.6% | £530pcm |
| July 2010 | -1.3% | £507pcm |
| July 2009 | -5.2% | £514pcm |
| July 2008 | 2.2% | £542pcm |
| July 2007 | 0% | £530pcm |
Sales History
The last recorded sale was on 29th March 2021 for £80,000 and since then the market in the area has increased by 9.4%.
Spembly Works, New Road Avenue, Chatham, ME4 6AZ has had 3 sales since 1995, none of them in the last three years.
- Sold Mar 2021£80,000 | 2 Bed FlatFlat 3, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZFlat 3, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZ
- Sold Jul 2016£56,000 | 2 Bed FlatFlat 26, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZFlat 26, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZ
- Sold Jun 2016£79,000 | 2 Bed FlatFlat 3, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZFlat 3, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZ
Property Types
- 32 mid-century flats built between 1936 and 1979
- 1 other address of unknown type
- mid-century flat (32)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 32 properties.
- The most common rating is D.
- A (0)
- E (10)
- B (0)
- F (3)
- C (6)
- G (1)
- D (12)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Nov 2003£440,000 | 2 Bed FlatFlat 5, 10, New Road Avenue, Chatham, ME4 6BBFlat 5, 10, New Road Avenue, Chatham, ME4 6BB
- Sold Aug 2019£232,500 | 3 Bed FlatFlat 2, Medway Heights 1-4, New Road Avenue, Chatham, ME4 6EXFlat 2, Medway Heights 1-4, New Road Avenue, Chatham, ME4 6EX
- Sold Feb 2006£232,000 | 4 Bed House17A, New Road Avenue, Chatham, ME4 6BA17A, New Road Avenue, Chatham, ME4 6BA
Schools Nearby
- St John's Church of England Infant School500 m away
- St Michael Catholic Primary and Nursery School500 m away
- New Road Primary School900 m away
- Fort Pitt Grammar School500 m away
- St John Fisher Catholic Comprehensive School600 m away
- Brompton Academy1.4 km away
More reading links
Public Transport Nearby
The closest station to Spembly Works, New Road Avenue, Chatham, ME4 6AZ is Chatham station, which is 300 metres away.
- Chatham|300 m away
- Rochester|700 m away
- Strood (Kent)|2.0 km away
- Gillingham (Kent)|2.2 km away
