2, RICHBOROUGH DRIVE, STROOD, ROCHESTER, ME2 3LU - £409,995

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.

2 RICHBOROUGH DRIVE is a very large extended detached house of 175m², built sometime between 1983 and 1990, which could now be worth an estimated £645,092. It was last sold for £409,995 in August 2015, which was around 20% above the average August 2015 detached price in the Medway local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

2 RICHBOROUGH DRIVE Sold Prices

Land registry data shows three sales for 2 RICHBOROUGH DRIVE 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. All of the three 2 RICHBOROUGH DRIVE sales 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 24 AUG	£409,995	£342,358	20% above HPI
2002 23 MAY	£275,000	£183,354	50% above HPI
1998 9 APR	£180,000	£103,371	74% above HPI

2 RICHBOROUGH DRIVE 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 RICHBOROUGH DRIVE sales between April 1998 and August 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 May 2002 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the August 2015 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 2 RICHBOROUGH DRIVE be worth now?

2 RICHBOROUGH DRIVE might now be worth an estimated £645,092.

This is based on house price inflation of 57.3%, between August 2015 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 57.3% inflationary increase is applied to the most recent sale price for 2 RICHBOROUGH DRIVE of £409,995 on 24th August 2015. For the value to have increased from £409,995 to £645,092 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 2 RICHBOROUGH DRIVE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2015 sale price of £409,995 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHBOROUGH DRIVE has not materially changed since August 2015.

How Large is 2 RICHBOROUGH DRIVE?

2 RICHBOROUGH DRIVE is 175m², which includes two extensions, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% 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 RICHBOROUGH DRIVE lies on this distribution: 84% of detached houses houses are smaller than 2 RICHBOROUGH DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Rochester.

2 RICHBOROUGH DRIVE: Plot and Title Map

2 RICHBOROUGH DRIVE sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of 2 RICHBOROUGH DRIVE, 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 RICHBOROUGH DRIVE). 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 RICHBOROUGH DRIVE?

2 RICHBOROUGH DRIVE is located in STROOD, in the ME2 postcode district. The below map shows the position of No. 2 on RICHBOROUGH DRIVE.