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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 FAY CLOSE is a midsized extended detached house of 115m², built sometime between 1996 and 2002. It was last sold for £320,000 in September 2015, which was around 6% below the average September 2015 detached price in the Medway local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was C.

12 FAY CLOSE Sold Prices

Land registry data shows three sales for 12 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. One of the three 12 FAY CLOSE sales was for below the average price, whilst two were 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
2015 30 SEP	£320,000	£340,310	6% below HPI
2002 4 OCT	£246,000	£205,374	20% above HPI
2000 28 JUL	£194,995	£138,869	40% above HPI

12 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 12 FAY CLOSE sales between July 2000 and September 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 October 2002 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2015 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 12 FAY CLOSE?

12 FAY CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 12 FAY CLOSE lies on this distribution: 42% of detached houses are smaller than 12 FAY CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Rochester.

12 FAY CLOSE: Plot and Title Map

12 FAY CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 12 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 12 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 12 FAY CLOSE?

12 FAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 12 on FAY CLOSE.