12, MARGETTS PLACE, LOWER UPNOR, ROCHESTER, ME2 4XF - £390,000

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.

12 MARGETTS PLACE is a small semi-detached house of 119m², built sometime between 1983 and 1990, which could now be worth an estimated £422,210. It was last sold for £390,000 in January 2022, which was around 20% above the average January 2022 semi-detached price in the Medway local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

12 MARGETTS PLACE Sold Prices

Land registry data shows two sales for 12 MARGETTS PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. Both of the two 12 MARGETTS PLACE 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
2022 28 JAN	£390,000	£326,065	20% above HPI
2003 18 JUL	£195,000	£144,552	35% above HPI

12 MARGETTS PLACE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Medway local authority area over time, sourced from the HPI. The two 12 MARGETTS PLACE sales from July 2003 and January 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 July 2003 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the January 2022 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 12 MARGETTS PLACE be worth now?

12 MARGETTS PLACE might now be worth an estimated £422,210.

This is based on house price inflation of 8.3%, between January 2022 and March 2025, for semi-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 8.3% inflationary increase is applied to the most recent sale price for 12 MARGETTS PLACE of £390,000 on 28th January 2022. For the value to have increased from £390,000 to £422,210 over the two years and ten months to March 2025, the following assumptions must hold true:

• The value of 12 MARGETTS PLACE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The January 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MARGETTS PLACE has not materially changed since January 2022.

How Large is 12 MARGETTS PLACE?

12 MARGETTS PLACE is 119m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of semi-detached houses houses in Lower Upnor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lower Upnor, and where 12 MARGETTS PLACE lies on this distribution: 26% of semi-detached houses houses are smaller than 12 MARGETTS PLACE, and 74% of houses are larger. Note that EPC data is not available for all properties in Lower Upnor.

12 MARGETTS PLACE: Plot and Title Map

12 MARGETTS PLACE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 12 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 12 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 12 MARGETTS PLACE?

12 MARGETTS PLACE is located in LOWER UPNOR, in the ME2 postcode district. The below map shows the position of No. 12 on MARGETTS PLACE.