4, MILLPOND CLOSE, ROCHESTER, ME2 3PT - £400,000

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.

4 MILLPOND CLOSE is a midsized extended detached house of 117m², built sometime between 1996 and 2002, which could now be worth an estimated £498,451. It was last sold for £400,000 in February 2020, which was around 6% below the average February 2020 detached price in the Medway local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

4 MILLPOND CLOSE Sold Prices

Land registry data shows two sales for 4 MILLPOND 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 4 MILLPOND CLOSE sales were for below 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 14 FEB	£400,000	£426,565	6% below HPI
2000 3 NOV	£143,000	£149,106	4% below HPI

4 MILLPOND 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 4 MILLPOND CLOSE sales from November 2000 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 November 2000 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2020 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 4 MILLPOND CLOSE be worth now?

4 MILLPOND CLOSE might now be worth an estimated £498,451.

This is based on house price inflation of 24.6%, between February 2020 and October 2025, 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 24.6% inflationary increase is applied to the most recent sale price for 4 MILLPOND CLOSE of £400,000 on 14th February 2020. For the value to have increased from £400,000 to £498,451 over the four years and four months to October 2025, the following assumptions must hold true:

• The value of 4 MILLPOND CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The February 2020 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MILLPOND CLOSE has not materially changed since February 2020.

How Large is 4 MILLPOND CLOSE?

4 MILLPOND CLOSE is 117m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rochester, and where 4 MILLPOND CLOSE lies on this distribution: 44% of detached houses houses are smaller than 4 MILLPOND CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Rochester.

4 MILLPOND CLOSE: Plot and Title Map

4 MILLPOND CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 4 MILLPOND 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 4 MILLPOND 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 4 MILLPOND CLOSE?

4 MILLPOND CLOSE is located in ROCHESTER, in the ME2 postcode district. The below map shows the position of No. 4 on MILLPOND CLOSE.