7, RUSSET CLOSE, ROCHESTER, ME2 3TZ - £410,000

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 RUSSET CLOSE is a small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £499,834. It was last sold for £410,000 in February 2019, which was around 7% below the average February 2019 detached price in the Medway local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

7 RUSSET CLOSE Sold Prices

Land registry data shows five sales for 7 RUSSET CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Medway local authority area for the corresponding sale date. Most of the five 7 RUSSET CLOSE sales were for below 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 14 FEB	£410,000	£441,857	7% below HPI
2015 31 MAR	£285,000	£323,494	12% below HPI
2003 31 OCT	£230,000	£238,380	4% below HPI
2000 26 JUL	£145,000	£142,619	2% above HPI
1997 28 FEB	£94,000	£91,280	3% above HPI

7 RUSSET 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 five 7 RUSSET CLOSE sales between February 1997 and February 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 March 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2019 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 7 RUSSET CLOSE be worth now?

7 RUSSET CLOSE might now be worth an estimated £499,834.

This is based on house price inflation of 21.9%, between February 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 21.9% inflationary increase is applied to the most recent sale price for 7 RUSSET CLOSE of £410,000 on 14th February 2019. For the value to have increased from £410,000 to £499,834 over the six years to February 2025, the following assumptions must hold true:

• The value of 7 RUSSET CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The February 2019 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RUSSET CLOSE has not materially changed since February 2019.

How Large is 7 RUSSET CLOSE?

7 RUSSET CLOSE is 98m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rochester, and where 7 RUSSET CLOSE lies on this distribution: 25% of detached houses houses are smaller than 7 RUSSET CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Rochester.

7 RUSSET CLOSE: Plot and Title Map

7 RUSSET CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 7 RUSSET 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 RUSSET 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 RUSSET CLOSE?

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