7, PETCHART CLOSE, CUXTON, ROCHESTER, ME2 1NA - £495,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 PETCHART CLOSE is a large detached house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £611,830. It was last sold for £495,000 in August 2019, which was around 14% above the average August 2019 detached price in the Medway local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

7 PETCHART CLOSE Sold Prices

Land registry data shows four sales for 7 PETCHART CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Most of the four 7 PETCHART 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
2019 30 AUG	£495,000	£435,811	14% above HPI
2019 24 MAY	£425,000	£436,178	3% below HPI
2015 20 APR	£403,500	£322,509	25% above HPI
2004 26 NOV	£320,000	£258,690	24% above HPI

7 PETCHART 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 four 7 PETCHART CLOSE sales between November 2004 and August 2019 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 May 2019 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2019 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 7 PETCHART CLOSE be worth now?

7 PETCHART CLOSE might now be worth an estimated £611,830.

This is based on house price inflation of 23.6%, between August 2019 and February 2025, 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 23.6% inflationary increase is applied to the most recent sale price for 7 PETCHART CLOSE of £495,000 on 30th August 2019. For the value to have increased from £495,000 to £611,830 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 7 PETCHART CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2019 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PETCHART CLOSE has not materially changed since August 2019.

How Large is 7 PETCHART CLOSE?

7 PETCHART CLOSE is 140m² according to the EPC inspection conducted in December 2018. This puts it in the largest 30% of detached houses houses in Cuxton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cuxton, and where 7 PETCHART CLOSE lies on this distribution: 72% of detached houses houses are smaller than 7 PETCHART CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Cuxton.

7 PETCHART CLOSE: Plot and Title Map

7 PETCHART CLOSE sits on a plot of roughly 0.113 of an acre, or 456m². The below map shows the location of 7 PETCHART 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 PETCHART 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 PETCHART CLOSE?

7 PETCHART CLOSE is located in CUXTON, in the ME2 postcode district. The below map shows the position of No. 7 on PETCHART CLOSE.