ARCHWAYS, BROOK LANE, LOWER STOKE, ROCHESTER, ME3 9SZ - £580,000

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

ARCHWAYS is a midsized detached house of 121m², built sometime between 1991 and 1995. It was last sold for £580,000 in October 2023, which was around 12% above the average October 2023 detached price in the Medway local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

ARCHWAYS Sold Prices

Land registry data shows three sales for ARCHWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the three ARCHWAYS 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
2023 24 OCT	£580,000	£516,400	12% above HPI
1997 18 DEC	£145,000	£98,207	48% above HPI
1995 29 SEP	£132,500	£83,829	58% above HPI

ARCHWAYS 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 three ARCHWAYS sales between September 1995 and October 2023 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 December 1997 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the October 2023 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is ARCHWAYS?

ARCHWAYS is 121m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 50% of detached houses in Lower Stoke, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Stoke, and where ARCHWAYS lies on this distribution: 43% of detached houses are smaller than ARCHWAYS, and 54% of houses are larger. Note that EPC data is not available for all properties in Lower Stoke.

ARCHWAYS: Plot and Title Map

ARCHWAYS sits on a plot of roughly 0.210 of an acre, or 849m². The below map shows the location of ARCHWAYS, 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 ARCHWAYS). 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 ARCHWAYS?

ARCHWAYS is located on BROOK LANE in LOWER STOKE, in the ME3 postcode district. The below map shows the position of ARCHWAYS on BROOK LANE.