9, MARGETTS PLACE, LOWER UPNOR, ROCHESTER, ME2 4XF - £347,500

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

9 MARGETTS PLACE is a small detached house of 129m², built sometime between 1991 and 1995. It was last sold for £347,500 in October 2016, which was around 12% below the average October 2016 detached price in the Medway local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

9 MARGETTS PLACE Sold Prices

Land registry data shows two sales for 9 MARGETTS PLACE 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 9 MARGETTS PLACE 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
2016 7 OCT	£347,500	£395,986	12% below HPI
2007 26 JAN	£239,995	£263,491	9% below HPI

9 MARGETTS PLACE 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 9 MARGETTS PLACE sales from January 2007 and October 2016 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 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 9 MARGETTS PLACE?

9 MARGETTS PLACE is 129m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 40% of detached houses in Lower Upnor, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Upnor, and where 9 MARGETTS PLACE lies on this distribution: 35% of detached houses are smaller than 9 MARGETTS PLACE, and 65% of houses are larger. Note that EPC data is not available for all properties in Lower Upnor.

9 MARGETTS PLACE: Plot and Title Map

9 MARGETTS PLACE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 9 MARGETTS PLACE, 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 9 MARGETTS PLACE). 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 9 MARGETTS PLACE?

9 MARGETTS PLACE is located in LOWER UPNOR, in the ME2 postcode district. The below map shows the position of No. 9 on MARGETTS PLACE.