33, PARSONAGE LANE, ROCHESTER, ME2 4HP - £357,500

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.

33 PARSONAGE LANE is a very small semi-detached house of 87m², built sometime between 1930 and 1949, which could now be worth an estimated £450,063. It was last sold for £357,500 in February 2020, which was around 30% above the average February 2020 semi-detached price in the Medway local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

33 PARSONAGE LANE Sold Prices

Land registry data shows four sales for 33 PARSONAGE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Medway local authority area for the corresponding sale date. All of the four 33 PARSONAGE LANE 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
2020 19 FEB	£357,500	£275,991	30% above HPI
2005 16 JUN	£175,000	£165,989	5% above HPI
2003 27 MAY	£160,000	£141,681	13% above HPI
1996 6 FEB	£75,000	£54,002	39% above HPI

33 PARSONAGE LANE 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 four 33 PARSONAGE LANE sales between February 1996 and February 2020 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 June 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2020 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 33 PARSONAGE LANE be worth now?

33 PARSONAGE LANE might now be worth an estimated £450,063.

This is based on house price inflation of 25.9%, between February 2020 and May 2026, 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 25.9% inflationary increase is applied to the most recent sale price for 33 PARSONAGE LANE of £357,500 on 19th February 2020. For the value to have increased from £357,500 to £450,063 over the five years and nine months to May 2026, the following assumptions must hold true:

• The value of 33 PARSONAGE LANE has moved in line with the HPI for semi-detached houses in the Medway local authority area.
• The February 2020 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 33 PARSONAGE LANE has not materially changed since February 2020.

How Large is 33 PARSONAGE LANE?

33 PARSONAGE LANE is 87m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 20% of semi-detached houses houses in Rochester, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Rochester, and where 33 PARSONAGE LANE lies on this distribution: 15% of semi-detached houses houses are smaller than 33 PARSONAGE LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Rochester.

33 PARSONAGE LANE: Plot and Title Map

33 PARSONAGE LANE sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of 33 PARSONAGE LANE, 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 33 PARSONAGE LANE). 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 33 PARSONAGE LANE?

33 PARSONAGE LANE is located in ROCHESTER, in the ME2 postcode district. The below map shows the position of No. 33 on PARSONAGE LANE.