RIDGE HOUSE, NASHENDEN LANE, ROCHESTER, ME1 3JQ - £440,000

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

RIDGE HOUSE is a small detached house of 108m², built sometime from 2007 onwards. It was last sold for £440,000 in April 2022, which was around 12% below the average April 2022 detached price in the Medway local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

RIDGE HOUSE Sold Prices

Land registry data shows two sales for RIDGE HOUSE 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 RIDGE HOUSE 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
2022 11 APR	£440,000	£498,362	12% below HPI
2016 15 JAN	£327,000	£354,513	8% below HPI

RIDGE HOUSE 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 RIDGE HOUSE sales from January 2016 and April 2022 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 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the April 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is RIDGE HOUSE?

RIDGE HOUSE is 108m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 40% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where RIDGE HOUSE lies on this distribution: 36% of detached houses are smaller than RIDGE HOUSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Rochester.

RIDGE HOUSE: Plot and Title Map

RIDGE HOUSE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of RIDGE HOUSE, 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 RIDGE HOUSE). 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 RIDGE HOUSE?

RIDGE HOUSE is located on NASHENDEN LANE in ROCHESTER, in the ME1 postcode district. The below map shows the position of RIDGE HOUSE on NASHENDEN LANE.