38, GREEN LANE, ISLE OF GRAIN, ROCHESTER, ME3 0DQ - £202,500

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.

38 GREEN LANE is a very small semi-detached house of 52m², built sometime between 1930 and 1949, which could now be worth an estimated £238,271. It was last sold for £202,500 in February 2021, which was around 32% below the average February 2021 semi-detached price in the Medway local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was B.

38 GREEN LANE Sold Prices

Land registry data shows two sales for 38 GREEN LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. Both of the two 38 GREEN LANE sales were 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
2021 24 FEB	£202,500	£298,820	32% below HPI
2017 8 DEC	£210,000	£280,252	25% below HPI

38 GREEN LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The two 38 GREEN LANE sales from December 2017 and February 2021 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 December 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 38 GREEN LANE be worth now?

38 GREEN LANE might now be worth an estimated £238,271.

This is based on house price inflation of 17.7%, between February 2021 and February 2025, for semi-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 17.7% inflationary increase is applied to the most recent sale price for 38 GREEN LANE of £202,500 on 24th February 2021. For the value to have increased from £202,500 to £238,271 over the four years to February 2025, the following assumptions must hold true:

• The value of 38 GREEN LANE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The February 2021 sale price of £202,500 represented a fair market value for the property.
• The size, condition, and specification of 38 GREEN LANE has not materially changed since February 2021.

How Large is 38 GREEN LANE?

38 GREEN LANE is 52m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of semi-detached houses houses in Grain, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Grain, and where 38 GREEN LANE lies on this distribution: 4% of semi-detached houses houses are smaller than 38 GREEN LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Grain.

38 GREEN LANE: Plot and Title Map

38 GREEN LANE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 38 GREEN LANE, 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 38 GREEN LANE). 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 38 GREEN LANE?

38 GREEN LANE is located in ISLE OF GRAIN, in the ME3 postcode district. The below map shows the position of No. 38 on GREEN LANE.