4, GRAVENEY CLOSE, CLIFFE WOODS, ROCHESTER, ME3 8LB - £425,000

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

4 GRAVENEY CLOSE is a very small detached house of 85m², built sometime between 1983 and 1990. It was last sold for £425,000 in November 2023, which was around 18% below the average November 2023 detached price in the Medway local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

4 GRAVENEY CLOSE Sold Prices

Land registry data shows two sales for 4 GRAVENEY 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. Both of the two 4 GRAVENEY CLOSE 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
2023 9 NOV	£425,000	£516,323	18% below HPI
1998 12 JAN	£96,000	£97,874	2% below HPI

4 GRAVENEY 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 4 GRAVENEY CLOSE sales from January 1998 and November 2023 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 January 1998 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 4 GRAVENEY CLOSE?

4 GRAVENEY CLOSE is 85m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 20% of detached houses in Cliffe Woods, based on EPC data. The below chart shows the distribution of detached houses by size in Cliffe Woods, and where 4 GRAVENEY CLOSE lies on this distribution: 13% of detached houses are smaller than 4 GRAVENEY CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Cliffe Woods.

4 GRAVENEY CLOSE: Plot and Title Map

4 GRAVENEY CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 4 GRAVENEY 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 4 GRAVENEY 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 4 GRAVENEY CLOSE?

4 GRAVENEY CLOSE is located in CLIFFE WOODS, in the ME3 postcode district. The below map shows the position of No. 4 on GRAVENEY CLOSE.