OLIVE COTTAGE, GRAIN ROAD, LOWER STOKE, ROCHESTER, ME3 9RE - £235,000

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.

OLIVE COTTAGE is a large extended detached house of 136m², built sometime between 1900 and 1929, which could now be worth an estimated £482,228. It was last sold for £235,000 in November 2011, which was around 10% below the average November 2011 detached price in the Medway local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was E.

OLIVE COTTAGE Sold Prices

Land registry data shows two sales for OLIVE COTTAGE 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 OLIVE COTTAGE 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
2011 30 NOV	£235,000	£262,506	10% below HPI
2003 16 OCT	£244,995	£238,380	3% above HPI

OLIVE COTTAGE 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 OLIVE COTTAGE sales from October 2003 and November 2011 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 2003 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2011 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might OLIVE COTTAGE be worth now?

OLIVE COTTAGE might now be worth an estimated £482,228.

This is based on house price inflation of 105.2%, between November 2011 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 105.2% inflationary increase is applied to the most recent sale price for OLIVE COTTAGE of £235,000 on 30th November 2011. For the value to have increased from £235,000 to £482,228 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of OLIVE COTTAGE has moved in line with the HPI for detached houses in the Medway local authority area.
• The November 2011 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of OLIVE COTTAGE has not materially changed since November 2011.

How Large is OLIVE COTTAGE?

OLIVE COTTAGE is 136m², which includes two extensions, according to the EPC inspection conducted in April 2009. This puts it in the largest 40% of detached houses houses in Lower Stoke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lower Stoke, and where OLIVE COTTAGE lies on this distribution: 61% of detached houses houses are smaller than OLIVE COTTAGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Lower Stoke.

OLIVE COTTAGE: Plot and Title Map

OLIVE COTTAGE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of OLIVE COTTAGE, 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 OLIVE COTTAGE). 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 OLIVE COTTAGE?

OLIVE COTTAGE is located on GRAIN ROAD in LOWER STOKE, in the ME3 postcode district. The below map shows the position of OLIVE COTTAGE on GRAIN ROAD.