THE COTTAGE, OLD WATLING STREET, ROCHESTER, ME2 3UF - £125,000

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

THE COTTAGE is a very large extended detached house of 170m², built sometime between 1983 and 1990. It was last sold for £125,000 in September 2010, which was around 63% below the average September 2010 detached price in the Gravesham local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows five sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gravesham local authority area for the corresponding sale date. Most of the five THE COTTAGE 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
2010 17 SEP	£125,000	£334,477	63% below HPI
2007 1 FEB	£157,850	£332,164	52% below HPI
2001 26 OCT	£225,000	£227,990	1% below HPI
1998 16 OCT	£162,000	£144,012	12% above HPI
1996 18 OCT	£115,000	£118,424	3% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gravesham local authority area over time, sourced from the HPI. The five THE COTTAGE sales between October 1996 and September 2010 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 February 2007 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the September 2010 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 170m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the largest 20% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where THE COTTAGE lies on this distribution: 83% of detached houses are smaller than THE COTTAGE, and 17% of houses are larger. Note that EPC data is not available for all properties in Rochester.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.158 of an acre, or 638m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on OLD WATLING STREET in ROCHESTER, in the ME2 postcode district. The below map shows the position of THE COTTAGE on OLD WATLING STREET.