8, PEPYS WAY, ROCHESTER, ME2 3LL - £410,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PEPYS WAY is a small extended detached house of 96m², built sometime between 1950 and 1966. It was last sold for £410,000 in December 2021, which was around 15% below the average December 2021 detached price in the Medway local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

8 PEPYS WAY Sold Prices

Land registry data shows two sales for 8 PEPYS WAY 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. One of the two 8 PEPYS WAY sales was for below the average price, whilst the other was 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
2021 16 DEC	£410,000	£482,904	15% below HPI
2004 28 JAN	£248,000	£235,838	5% above HPI

8 PEPYS WAY 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 8 PEPYS WAY sales from January 2004 and December 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 January 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the December 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 8 PEPYS WAY?

8 PEPYS WAY is 96m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 30% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 8 PEPYS WAY lies on this distribution: 24% of detached houses are smaller than 8 PEPYS WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Rochester.

8 PEPYS WAY: Plot and Title Map

8 PEPYS WAY sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 8 PEPYS WAY, 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 PEPYS WAY). 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 PEPYS WAY?

8 PEPYS WAY is located in ROCHESTER, in the ME2 postcode district. The below map shows the position of No. 8 on PEPYS WAY.