7, WEST LANE, ISLE OF GRAIN, ROCHESTER, ME3 0BA - £310,000

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 WEST LANE is a midsized extended detached house of 97m², built sometime between 1983 and 1990. It was last sold for £310,000 in September 2021, which was around 33% below the average September 2021 detached price in the Medway local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was B.

7 WEST LANE Sold Prices

Land registry data shows two sales for 7 WEST LANE 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. Both of the two 7 WEST LANE 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
2021 30 SEP	£310,000	£463,458	33% below HPI
2011 19 OCT	£155,000	£256,417	40% below HPI

7 WEST LANE 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 7 WEST LANE sales from October 2011 and September 2021 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 October 2011 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 7 WEST LANE?

7 WEST LANE is 97m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses in Grain, based on EPC data. The below chart shows the distribution of detached houses by size in Grain, and where 7 WEST LANE lies on this distribution: 54% of detached houses are smaller than 7 WEST LANE, and 43% of houses are larger. Note that EPC data is not available for all properties in Grain.

7 WEST LANE: Plot and Title Map

7 WEST LANE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 7 WEST LANE, 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 WEST LANE). 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 WEST LANE?

7 WEST LANE is located in ISLE OF GRAIN, in the ME3 postcode district. The below map shows the position of No. 7 on WEST LANE.