5, FARRADAY CLOSE, ROCHESTER, ME1 2SQ - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 FARRADAY CLOSE is a midsized extended detached house of 119m², built sometime between 1983 and 1990. It was last sold for £330,000 in January 2012, which was around 30% above the average January 2012 detached price in the Medway local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

5 FARRADAY CLOSE Sold Prices

Land registry data shows three sales for 5 FARRADAY 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 5 FARRADAY CLOSE 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
2012 19 JAN	£330,000	£254,824	30% above HPI
2007 19 JUL	£325,000	£271,564	20% above HPI
2003 1 OCT	£286,500	£232,112	23% above HPI

5 FARRADAY 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 5 FARRADAY CLOSE sales between October 2003 and January 2012 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 July 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the January 2012 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 5 FARRADAY CLOSE?

5 FARRADAY CLOSE is 119m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 5 FARRADAY CLOSE lies on this distribution: 46% of detached houses are smaller than 5 FARRADAY CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Rochester.

5 FARRADAY CLOSE: Plot and Title Map

5 FARRADAY CLOSE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 5 FARRADAY 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 5 FARRADAY 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 5 FARRADAY CLOSE?

5 FARRADAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 5 on FARRADAY CLOSE.