11, FAY CLOSE, ROCHESTER, ME1 1LZ - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 FAY CLOSE is a small detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £475,983. It was last sold for £340,000 in April 2016, which was around 12% below the average April 2016 detached price in the Medway local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

11 FAY CLOSE Sold Prices

Land registry data shows two sales for 11 FAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Medway local authority area for the corresponding sale date. One of the two 11 FAY CLOSE sales was for below the average price, whilst the other was for 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
2016 11 APR	£340,000	£384,779	12% below HPI
2000 4 AUG	£184,995	£145,027	28% above HPI

11 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 two 11 FAY CLOSE sales from August 2000 and April 2016 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 2000 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the April 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 11 FAY CLOSE be worth now?

11 FAY CLOSE might now be worth an estimated £475,983.

This is based on house price inflation of 40%, between April 2016 and February 2025, for detached houses, in the Medway local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40% inflationary increase is applied to the most recent sale price for 11 FAY CLOSE of £340,000 on 11th April 2016. For the value to have increased from £340,000 to £475,983 over the nine years and two months to February 2025, the following assumptions must hold true:

• The value of 11 FAY CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The April 2016 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 11 FAY CLOSE has not materially changed since April 2016.

How Large is 11 FAY CLOSE?

11 FAY CLOSE is 110m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 40% of detached houses houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rochester, and where 11 FAY CLOSE lies on this distribution: 37% of detached houses houses are smaller than 11 FAY CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Rochester.

11 FAY CLOSE: Plot and Title Map

11 FAY CLOSE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 11 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 11 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 11 FAY CLOSE?

11 FAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 11 on FAY CLOSE.