7, FAY CLOSE, ROCHESTER, ME1 1LZ - £265,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 FAY CLOSE is a midsized detached house of 122m², built sometime between 1991 and 1995. It was last sold for £265,000 in November 2002, which was around 27% above the average November 2002 detached price in the Medway local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

7 FAY CLOSE Sold Prices

Land registry data shows three sales for 7 FAY 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 7 FAY 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
2002 18 NOV	£265,000	£208,490	27% above HPI
2002 31 JAN	£190,000	£170,404	11% above HPI
2000 25 FEB	£176,995	£122,428	45% above HPI

7 FAY 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 7 FAY CLOSE sales between February 2000 and November 2002 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 January 2002 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2002 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 7 FAY CLOSE?

7 FAY CLOSE is 122m² according to the EPC inspection conducted in August 2018. This puts it in the largest 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 7 FAY CLOSE lies on this distribution: 50% of detached houses are smaller than 7 FAY CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Rochester.

7 FAY CLOSE: Plot and Title Map

7 FAY CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 7 FAY 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 7 FAY 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 7 FAY CLOSE?

7 FAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 7 on FAY CLOSE.