10, FAY CLOSE, ROCHESTER, ME1 1LZ - £320,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 FAY CLOSE is a small extended detached house of 98m², built sometime between 1996 and 2002. It was last sold for £320,000 in May 2015, which was about the average May 2015 detached price in the Medway local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

10 FAY CLOSE Sold Prices

Land registry data shows three sales for 10 FAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. The three 10 FAY CLOSE sales were a mix of roughly equal to the average price, and above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 22 MAY	£320,000	£319,737	Close to HPI
2002 14 AUG	£230,000	£193,488	19% above HPI
2000 31 MAR	£178,995	£124,469	44% above HPI

10 FAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Medway local authority area over time, sourced from the HPI. The three 10 FAY CLOSE sales between March 2000 and May 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 10 FAY CLOSE?

10 FAY CLOSE is 98m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 30% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 10 FAY CLOSE lies on this distribution: 25% of detached houses are smaller than 10 FAY CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Rochester.

10 FAY CLOSE: Plot and Title Map

10 FAY CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 10 FAY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 10 FAY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 10 FAY CLOSE?

10 FAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 10 on FAY CLOSE.