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 613th largest and 81st most expensive of the 639 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: 33 flats.
- Ave. Sale Price
- £122,587
- 10 Year change
- up 21.4%
- Ave. Rental Price
- £884pcm
- 10 Year change
- up 37.0%
- Ave. £ per ft²
- £197/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 613th largest and 81st most expensive of the 639 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: 33 flats.
- Ave. Sale Price
- £122,587
- 10 Year change
- up 21.4%
- Ave. Rental Price
- £884pcm
- 10 Year change
- up 37.0%
- Ave. £ per ft²
- £197/ft²
- Ave. Gross Yield
- 8.7%/year/yr
Explore Propertieson 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 9.5%.
The current average value in the building is £122,587.
The Spembly Works, New Road Avenue Sales Market has increased by 21.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.4% | £122,587 |
| June 2025 | 0.8% | £123,055 |
| June 2024 | -3% | £122,031 |
| June 2023 | -0.7% | £125,794 |
| June 2022 | 11.1% | £126,690 |
| June 2021 | 3% | £114,041 |
| June 2020 | 3.6% | £110,754 |
| June 2019 | 0% | £106,887 |
| June 2018 | 1.2% | £106,911 |
| June 2017 | 4.6% | £105,621 |
| June 2016 | 18.5% | £100,980 |
| June 2015 | 4.9% | £85,234 |
| June 2014 | 11.8% | £81,220 |
| June 2013 | -2.6% | £72,677 |
| June 2012 | -0.7% | £74,638 |
| June 2011 | -3.2% | £75,192 |
| June 2010 | 5.1% | £77,661 |
| June 2009 | -16.2% | £73,910 |
| June 2008 | -2% | £88,186 |
| June 2007 | 0% | £89,969 |
Rental Market Trends
The current average rental value in the building is £884.
The Spembly Works, New Road Avenue Rental Market has increased by 37.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.1% | £884pcm |
| June 2025 | 1.4% | £866pcm |
| June 2024 | 5.4% | £854pcm |
| June 2023 | 11.8% | £811pcm |
| June 2022 | 7.2% | £725pcm |
| June 2021 | 5% | £677pcm |
| June 2020 | 1.5% | £644pcm |
| June 2019 | -0.4% | £635pcm |
| June 2018 | -0.3% | £637pcm |
| June 2017 | -1% | £639pcm |
| June 2016 | 6.9% | £646pcm |
| June 2015 | 8.5% | £604pcm |
| June 2014 | 0.4% | £557pcm |
| June 2013 | -0.2% | £554pcm |
| June 2012 | 1% | £556pcm |
| June 2011 | 4.6% | £550pcm |
| June 2010 | -2.4% | £526pcm |
| June 2009 | -4.8% | £539pcm |
| June 2008 | 2.8% | £566pcm |
| June 2007 | 0% | £551pcm |
Sales History
The last sale was on 29th March 2021 for £80,000 and since then the market in the area has increased by 9.5%. 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.
- 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
- Sold Mar 2014£47,500 | 2 Bed FlatFlat 26, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZFlat 26, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZ
- Sold Dec 2007£117,995 | 2 Bed FlatFlat 9, Spembly Works 13, New Road Avenue, Chatham, ME4 6AZFlat 9, 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 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 1, 10, New Road Avenue, Chatham, ME4 6BBFlat 1, 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
