54, SCHOLEY CLOSE, HALLING, ROCHESTER, ME2 1JZ - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

54 SCHOLEY CLOSE is a very large extended detached house of 130m², built sometime between 1996 and 2002. It was last sold for £500,000 in August 2017, which was around 16% above the average August 2017 detached price in the Medway local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

54 SCHOLEY CLOSE Sold Prices

Land registry data shows three sales for 54 SCHOLEY 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 54 SCHOLEY 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
2017 4 AUG	£500,000	£432,846	16% above HPI
1998 30 MAR	£145,000	£101,852	42% above HPI
1996 21 AUG	£134,950	£87,551	54% above HPI

54 SCHOLEY 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 54 SCHOLEY CLOSE sales between August 1996 and August 2017 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 March 1998 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the August 2017 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 54 SCHOLEY CLOSE be worth now?

54 SCHOLEY CLOSE might now be worth an estimated £615,232.

This is based on house price inflation of 23%, between August 2017 and December 2024, 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 23% inflationary increase is applied to the most recent sale price for 54 SCHOLEY CLOSE of £500,000 on 4th August 2017. For the value to have increased from £500,000 to £615,232 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of 54 SCHOLEY CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2017 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 54 SCHOLEY CLOSE has not materially changed since August 2017.

How Large is 54 SCHOLEY CLOSE?

54 SCHOLEY CLOSE is 130m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses houses in Halling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halling, and where 54 SCHOLEY CLOSE lies on this distribution: 84% of detached houses houses are smaller than 54 SCHOLEY CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Halling.

54 SCHOLEY CLOSE: Plot and Title Map

54 SCHOLEY CLOSE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 54 SCHOLEY 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 54 SCHOLEY 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 54 SCHOLEY CLOSE?

54 SCHOLEY CLOSE is located in HALLING, in the ME2 postcode district. The below map shows the position of No. 54 on SCHOLEY CLOSE.