3, STANFORD WAY, CUXTON, ROCHESTER, ME2 1LL - £243,000

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.

3 STANFORD WAY is a very small terraced house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £387,477. It was last sold for £243,000 in June 2015, which was around 44% above the average June 2015 terraced price in the Medway local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

3 STANFORD WAY Sold Prices

Land registry data shows two sales for 3 STANFORD WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Medway local authority area for the corresponding sale date. Both of the two 3 STANFORD 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
2015 18 JUN	£243,000	£169,336	44% above HPI
2006 13 JAN	£157,000	£133,654	17% above HPI

3 STANFORD WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Medway local authority area over time, sourced from the HPI. The two 3 STANFORD WAY sales from January 2006 and June 2015 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 2006 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the June 2015 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 3 STANFORD WAY be worth now?

3 STANFORD WAY might now be worth an estimated £387,477.

This is based on house price inflation of 59.5%, between June 2015 and June 2025, for terraced 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 59.5% inflationary increase is applied to the most recent sale price for 3 STANFORD WAY of £243,000 on 18th June 2015. For the value to have increased from £243,000 to £387,477 over the ten years to June 2025, the following assumptions must hold true:

• The value of 3 STANFORD WAY has moved in line with the HPI for terraced houses in the Medway local authority area.
• The June 2015 sale price of £243,000 represented a fair market value for the property.
• The size, condition, and specification of 3 STANFORD WAY has not materially changed since June 2015.

How Large is 3 STANFORD WAY?

3 STANFORD WAY is 79m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of terraced houses houses in Cuxton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cuxton, and where 3 STANFORD WAY lies on this distribution: 7% of terraced houses houses are smaller than 3 STANFORD WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Cuxton.

3 STANFORD WAY: Plot and Title Map

3 STANFORD WAY sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 3 STANFORD 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 3 STANFORD 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 3 STANFORD WAY?

3 STANFORD WAY is located in CUXTON, in the ME2 postcode district. The below map shows the position of No. 3 on STANFORD WAY.