3, FARRADAY CLOSE, ROCHESTER, ME1 2SQ - £500,000

3 FARRADAY CLOSE is a small detached house of 106m², built sometime between 1976 and 1982. It was last sold for £500,000 in March 2021, which was around 12% above the average March 2021 detached price in the Medway local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

3 FARRADAY CLOSE Sold Prices

Land registry data shows two sales for 3 FARRADAY CLOSE 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 3 FARRADAY CLOSE 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
2021 26 MAR	£500,000	£444,521	12% above HPI
2011 21 FEB	£280,000	£255,145	10% above HPI

3 FARRADAY CLOSE 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 3 FARRADAY CLOSE sales from February 2011 and March 2021 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 2011 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2021 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 3 FARRADAY CLOSE?

3 FARRADAY CLOSE is 106m² according to the EPC inspection conducted in September 2020. 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 3 FARRADAY CLOSE lies on this distribution: 33% of detached houses are smaller than 3 FARRADAY CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Rochester.

3 FARRADAY CLOSE: Plot and Title Map

3 FARRADAY CLOSE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 3 FARRADAY CLOSE, 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 3 FARRADAY CLOSE). 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 3 FARRADAY CLOSE?

3 FARRADAY CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 3 on FARRADAY CLOSE.