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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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The public record describes Flat 24, Spembly Works 13, Chatham as a mid-century apartment with 592 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 24, Spembly Works 13, Chatham has an estimated sale value of £117,944 and an estimated rental value of £893 per month, assuming reasonable condition and based on the information available.
The apartment sits within Spembly Works, New Road Avenue, Chatham, ME4.
New Road Avenue, Chatham, ME4 lies within the ME4 postal district.
Flat 24, Spembly Works 13, Chatham has no recent1 records in the the Land Registry and a single entry in the EPC database dated September 2013.
We combine this information with public data 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.
In very good condition, we estimate Flat 24, Spembly Works 13, Chatham would be worth £123,841, with a potential rental value of £937 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £109,688, with a rental value of £830 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 24, Spembly Works 13, Chatham has climbed by £210 (0.2%) over the last year. During the same period, its estimated monthly rental value has risen by £22 (2.5%). The property's estimated gross yield is currently 9.1%.
Flat 24, Spembly Works 13, Chatham has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 02 Sep 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Flat 24, Spembly Works 13, Chatham last changed hands on 18th June 2004, selling for £150,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 540 metres of Flat 24, Spembly Works 13, Chatham across the last 2 years.
Most recently, Flat D, 6, Manor Mews, Chatham, ME4 6AQ, a leasehold flat, sold at £140,000 on the 27th May 2022.
Read more about house prices in ME4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 24, Spembly Works 13, Chatham as the 56th largest and the 71st most expensive of the 89 addresses on New Road Avenue, Chatham, ME4.
Against the ME4 postcode district average, it is £146k less expensive than the typical property.
Chatham station is the nearest stop to Flat 24, Spembly Works 13, Chatham at 300 metres away.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 24, Spembly Works 13, Chatham, 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 Flat 24, Spembly Works 13, Chatham, 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 Flat 24, Spembly Works 13, Chatham, 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 Flat 24, Spembly Works 13, Chatham, 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 Flat 24, Spembly Works 13, Chatham, 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.
