520, CITY WAY, ROCHESTER, ME1 2TW - £340,000

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

520 CITY WAY is a large extended detached house of 134m², built sometime between 1950 and 1966. It was last sold for £340,000 in September 2015, which was about the average September 2015 detached price in the Medway local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

520 CITY WAY Sold Prices

Land registry data shows two sales for 520 CITY WAY 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. One of the two 520 CITY WAY sales was roughly equal to the average price, whilst the other was 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
2015 25 SEP	£340,000	£340,310	Close to HPI
2006 1 AUG	£295,000	£256,355	15% above HPI

520 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 two 520 CITY WAY sales from August 2006 and September 2015 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 2006 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the September 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 520 CITY WAY?

520 CITY WAY is 134m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 40% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 520 CITY WAY lies on this distribution: 61% of detached houses are smaller than 520 CITY WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Rochester.

520 CITY WAY: Plot and Title Map

520 CITY WAY sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of 520 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 520 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 520 CITY WAY?

520 CITY WAY is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 520 on CITY WAY.