2, FAY CLOSE, ROCHESTER, ME1 1LZ - £578,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 FAY CLOSE is a midsized extended detached house of 129m², built sometime between 1991 and 1995, which could now be worth an estimated £578,788. It was last sold for £578,000 in August 2022, which was around 9% above the average August 2022 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 B.

2 FAY CLOSE Sold Prices

Land registry data shows three sales for 2 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. Two of the three 2 FAY CLOSE sales were for above the average price, whilst one was for below 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
2022 26 AUG	£578,000	£531,876	9% above HPI
2022 11 MAR	£478,000	£508,621	6% below HPI
1999 9 DEC	£212,995	£125,048	70% above HPI

2 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 2 FAY CLOSE sales between December 1999 and August 2022 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 March 2022 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 FAY CLOSE be worth now?

2 FAY CLOSE might now be worth an estimated £578,788.

This is based on house price inflation of 0.1%, between August 2022 and December 2024, 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 0.1% inflationary increase is applied to the most recent sale price for 2 FAY CLOSE of £578,000 on 26th August 2022. For the value to have increased from £578,000 to £578,788 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 2 FAY CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2022 sale price of £578,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FAY CLOSE has not materially changed since August 2022.

How Large is 2 FAY CLOSE?

2 FAY CLOSE is 129m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% 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 2 FAY CLOSE lies on this distribution: 57% of detached houses houses are smaller than 2 FAY CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Rochester.

2 FAY CLOSE: Plot and Title Map

2 FAY CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 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 2 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 2 FAY CLOSE?

2 FAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 2 on FAY CLOSE.