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Spembly Works New Road Avenue is a residential building situated on New Road Avenue, Chatham, ME4 with 33 addresses.
It ranks as the 612th largest and 82nd most expensive of the 638 buildings in the ME4 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 33 properties: 33 flats.
Spembly Works New Road Avenue is a residential building situated on New Road Avenue, Chatham, ME4 with 33 addresses.
It ranks as the 612th largest and 82nd most expensive of the 638 buildings in the ME4 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 33 properties: 33 flats.
Sale prices range from £93,250 for 1 bedroom leasehold flats (365 ft2) to £167,277 for 3 bedroom leasehold flats (1,278 ft2) .
Monthly rental prices range from £728 pcm for 1 bed flats to £1,154 pcm for 3 bed flats.
The gross rental yield is between 8.3% and 9.4%.
The average value per square foot is £197.
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 9.8%.
The current average value in the building is £122,363.
The Spembly Works New Road Avenue Sales Market has increased by 23.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0% | £122,363 |
| May 2025 | 2% | £122,322 |
| May 2024 | -3.8% | £119,961 |
| May 2023 | 0.2% | £124,745 |
| May 2022 | 10.4% | £124,466 |
| May 2021 | 2.9% | £112,751 |
| May 2020 | 3.3% | £109,569 |
| May 2019 | -0.1% | £106,049 |
| May 2018 | 0.8% | £106,113 |
| May 2017 | 6% | £105,238 |
| May 2016 | 19% | £99,324 |
| May 2015 | 5.4% | £83,484 |
| May 2014 | 10.8% | £79,214 |
| May 2013 | -3.3% | £71,516 |
| May 2012 | -0.9% | £73,961 |
| May 2011 | -2.2% | £74,660 |
| May 2010 | 5.3% | £76,353 |
| May 2009 | -17.3% | £72,503 |
| May 2008 | -0.9% | £87,660 |
| May 2007 | 0% | £88,475 |
The current average rental value in the building is £906.
The Spembly Works New Road Avenue Rental Market has increased by 37.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.4% | £906pcm |
| May 2025 | 1.9% | £885pcm |
| May 2024 | 6.6% | £868pcm |
| May 2023 | 11.8% | £814pcm |
| May 2022 | 5.5% | £728pcm |
| May 2021 | 4.9% | £691pcm |
| May 2020 | 1% | £658pcm |
| May 2019 | -0.7% | £652pcm |
| May 2018 | 0% | £656pcm |
| May 2017 | -0.5% | £656pcm |
| May 2016 | 8% | £660pcm |
| May 2015 | 8.6% | £611pcm |
| May 2014 | 0.1% | £562pcm |
| May 2013 | 0.1% | £562pcm |
| May 2012 | 0.3% | £561pcm |
| May 2011 | 5.2% | £559pcm |
| May 2010 | -2.9% | £532pcm |
| May 2009 | -4% | £547pcm |
| May 2008 | 2.2% | £571pcm |
| May 2007 | 0% | £558pcm |
The last sale was on 29th March 2021 for £80,000 and since then the market in the area has increased by 9.8%. The building has had a total of 32 sales since 1995.
Spembly Works, New Road Avenue, Chatham, ME4 6AZ has seen no sales in the last three years and no sales in the last twelve months.
The closest station to Spembly Works, New Road Avenue, Chatham, ME4 6AZ is Chatham station which is 300 metres away.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Spembly Works, New Road Avenue, Chatham, ME4 6AZ, 53.4% of property is privately rented and 25.0% is socially rented.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Spembly Works, New Road Avenue, Chatham, ME4 6AZ, 17.1% of residents are recorded as possessing school level qualifications and 38.4% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Spembly Works, New Road Avenue, Chatham, ME4 6AZ, the average age was 34.4 and the most common age was 32.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Spembly Works, New Road Avenue, Chatham, ME4 6AZ, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Spembly Works, New Road Avenue, Chatham, ME4 6AZ, there are an average of 0.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.