2, MARSHAM WAY, HALLING, ROCHESTER, ME2 1LY - £492,500

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.

2 MARSHAM WAY is a large extended detached house of 128m², built sometime between 1991 and 1995, which could now be worth an estimated £591,437. It was last sold for £492,500 in July 2018, which was around 11% above the average July 2018 detached price in the Medway local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

2 MARSHAM WAY Sold Prices

Land registry data shows two sales for 2 MARSHAM WAY 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 2 MARSHAM WAY 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
2018 20 JUL	£492,500	£441,782	11% above HPI
1996 12 APR	£115,000	£85,585	34% above HPI

2 MARSHAM WAY 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 2 MARSHAM WAY sales from April 1996 and July 2018 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 April 1996 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the July 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 MARSHAM WAY be worth now?

2 MARSHAM WAY might now be worth an estimated £591,437.

This is based on house price inflation of 20.1%, between July 2018 and April 2026, 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 20.1% inflationary increase is applied to the most recent sale price for 2 MARSHAM WAY of £492,500 on 20th July 2018. For the value to have increased from £492,500 to £591,437 over the eight years and three months to April 2026, the following assumptions must hold true:

• The value of 2 MARSHAM WAY has moved in line with the HPI for detached houses in the Medway local authority area.
• The July 2018 sale price of £492,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MARSHAM WAY has not materially changed since July 2018.

How Large is 2 MARSHAM WAY?

2 MARSHAM WAY is 128m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the largest 20% of detached houses houses in Halling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halling, and where 2 MARSHAM WAY lies on this distribution: 73% of detached houses houses are smaller than 2 MARSHAM WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Halling.

2 MARSHAM WAY: Plot and Title Map

2 MARSHAM WAY sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 2 MARSHAM WAY, 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 2 MARSHAM WAY). 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 2 MARSHAM WAY?

2 MARSHAM WAY is located in HALLING, in the ME2 postcode district. The below map shows the position of No. 2 on MARSHAM WAY.