8, HIGH BANK, ROCHESTER, ME1 2XJ - £460,000

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.

8 HIGH BANK is a small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £553,154. It was last sold for £460,000 in August 2018, which was around 3% above the average August 2018 detached price in the Medway local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

8 HIGH BANK Sold Prices

Land registry data shows four sales for 8 HIGH BANK 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 8 HIGH BANK 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
2018 24 AUG	£460,000	£447,956	3% above HPI
2005 17 NOV	£250,000	£253,897	2% below HPI
2001 5 DEC	£187,500	£171,976	9% above HPI
1997 27 MAR	£110,000	£91,606	20% above HPI

8 HIGH BANK 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 8 HIGH BANK sales between March 1997 and August 2018 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 November 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2018 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 8 HIGH BANK be worth now?

8 HIGH BANK might now be worth an estimated £553,154.

This is based on house price inflation of 20.3%, between August 2018 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 20.3% inflationary increase is applied to the most recent sale price for 8 HIGH BANK of £460,000 on 24th August 2018. For the value to have increased from £460,000 to £553,154 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 8 HIGH BANK has moved in line with the HPI for detached houses in the Medway local authority area.
• The August 2018 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HIGH BANK has not materially changed since August 2018.

How Large is 8 HIGH BANK?

8 HIGH BANK is 102m², which includes one extension, according to the EPC inspection conducted in November 2016. 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 8 HIGH BANK lies on this distribution: 29% of detached houses houses are smaller than 8 HIGH BANK, and 71% of houses are larger. Note that EPC data is not available for all properties in Rochester.

8 HIGH BANK: Plot and Title Map

8 HIGH BANK sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 8 HIGH BANK, 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 8 HIGH BANK). 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 8 HIGH BANK?

8 HIGH BANK is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 8 on HIGH BANK.