Flat 11, Spembly Works 13
Flat 11, Spembly Works 13
Description & Estimates
Flat 11, Spembly Works 13, Chatham is recorded publicly as a mid-century leasehold apartment across 583 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 11, Spembly Works 13, Chatham is £117,366 and its rental estimate is £891 per month, given the available information and assuming reasonable condition.
Spembly Works, New Road Avenue is a residential building on New Road Avenue, Chatham, ME4 and falls within the ME4 postal district.
Our Data Sources
Flat 11, Spembly Works 13, Chatham has 21 entries in the Land Registry , most recently in April 2007 and a single entry in the EPC database dated May 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 11, Spembly Works 13, Chatham, we estimate a market value of £123,235 and a rental value of £936 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £109,151 and £829 per month respectively.
Recent Market Change
Over the last year, Flat 11, Spembly Works 13, Chatham has seen its estimated sale value grow by £209 (0.2%) and its estimated rental value climb by £22 per month (2.5%). This results in an estimated gross rental yield of 9.1%.
Energy Efficiency
Flat 11, Spembly Works 13, Chatham has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 May 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 11, Spembly Works 13, Chatham completed on 30th April 2007 at £107,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 64.8% over the period since April 2007.
- Sold Apr 2007£107,500
- Sold May 2004£94,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 11, Spembly Works 13, Chatham have sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th May 2022, was Flat D, 6, Manor Mews, Chatham, ME4 6AQ, a leasehold flat which sold for £140,000.
Read more about house prices in ME4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 89 addresses on New Road Avenue, Chatham, ME4, Flat 11, Spembly Works 13, Chatham comes out as the 58th largest and the 73rd most expensive in our analysis of the public data.
It is also £147k less expensive than the average property across the ME4 district.
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Schools Nearby
- 500mSt John's Church of England Infant School
- 500mSt Michael Catholic Primary and Nursery School
- 900mNew Road Primary School
- 500mFort Pitt Grammar School
- 600mSt John Fisher Catholic Comprehensive School
- 1.4kmBrompton Academy
More reading links
Public Transport Nearby
From Flat 11, Spembly Works 13, Chatham, the nearest station is Chatham, 300 metres away.
- 300mChatham
- 700mRochester
- 2.0kmStrood (Kent)
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
