4, RUSSET CLOSE, ROCHESTER, ME2 3TZ - £230,000

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.

4 RUSSET CLOSE is a very small extended detached house of 87m², built sometime between 1976 and 1982, which could now be worth an estimated £473,853. It was last sold for £230,000 in December 2011, which was around 12% below the average December 2011 detached price in the Medway local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

4 RUSSET CLOSE Sold Prices

Land registry data shows three sales for 4 RUSSET 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. All of the three 4 RUSSET 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
2011 16 DEC	£230,000	£261,235	12% below HPI
2009 18 NOV	£210,000	£253,094	17% below HPI
2000 29 FEB	£120,000	£125,734	5% below HPI

4 RUSSET 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 4 RUSSET CLOSE sales between February 2000 and December 2011 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 November 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2011 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 4 RUSSET CLOSE be worth now?

4 RUSSET CLOSE might now be worth an estimated £473,853.

This is based on house price inflation of 106%, between December 2011 and March 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 106% inflationary increase is applied to the most recent sale price for 4 RUSSET CLOSE of £230,000 on 16th December 2011. For the value to have increased from £230,000 to £473,853 over the fourteen years and nine months to March 2025, the following assumptions must hold true:

• The value of 4 RUSSET CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The December 2011 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RUSSET CLOSE has not materially changed since December 2011.

How Large is 4 RUSSET CLOSE?

4 RUSSET CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in March 2009. This puts it in the smallest 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 4 RUSSET CLOSE lies on this distribution: 16% of detached houses houses are smaller than 4 RUSSET CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Rochester.

4 RUSSET CLOSE: Plot and Title Map

4 RUSSET CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 4 RUSSET 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 RUSSET 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 RUSSET CLOSE?

4 RUSSET CLOSE is located in ROCHESTER, in the ME2 postcode district. The below map shows the position of No. 4 on RUSSET CLOSE.