504, CITY WAY, ROCHESTER, ME1 2TW - £545,000

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

504 CITY WAY is a midsized detached house of 118m², built sometime between 1950 and 1966. It was last sold for £545,000 in June 2021, which was around 21% above the average June 2021 detached price in the Medway local authority area. The most recent EPC inspection was January 2013, where the current energy rating was F, and the potential energy rating was D.

504 CITY WAY Sold Prices

Land registry data shows three sales for 504 CITY WAY 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 504 CITY WAY 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
2021 25 JUN	£545,000	£450,499	21% above HPI
2013 7 AUG	£320,000	£268,367	19% above HPI
1996 28 OCT	£111,000	£87,604	27% above HPI

504 CITY WAY 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 504 CITY WAY sales between October 1996 and June 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 August 2013 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the June 2021 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 504 CITY WAY?

504 CITY WAY is 118m² according to the EPC inspection conducted in January 2013. 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 504 CITY WAY lies on this distribution: 45% of detached houses are smaller than 504 CITY WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Rochester.

504 CITY WAY: Plot and Title Map

504 CITY WAY sits on a plot of roughly 0.229 of an acre, or 927m². The below map shows the location of 504 CITY WAY, 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 504 CITY WAY). 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 504 CITY WAY?

504 CITY WAY is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 504 on CITY WAY.