4, RICHBOROUGH DRIVE, STROOD, ROCHESTER, ME2 3LU - £510,000

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 RICHBOROUGH DRIVE is a midsized detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £629,840. It was last sold for £510,000 in May 2019, which was around 17% above the average May 2019 detached price in the Medway local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

4 RICHBOROUGH DRIVE Sold Prices

Land registry data shows two sales for 4 RICHBOROUGH DRIVE 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 RICHBOROUGH DRIVE 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
2019 24 MAY	£510,000	£436,178	17% above HPI
1998 10 JUL	£169,000	£105,904	60% above HPI

4 RICHBOROUGH DRIVE 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 RICHBOROUGH DRIVE sales from July 1998 and May 2019 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 July 1998 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the May 2019 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 4 RICHBOROUGH DRIVE be worth now?

4 RICHBOROUGH DRIVE might now be worth an estimated £629,840.

This is based on house price inflation of 23.5%, between May 2019 and February 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 23.5% inflationary increase is applied to the most recent sale price for 4 RICHBOROUGH DRIVE of £510,000 on 24th May 2019. For the value to have increased from £510,000 to £629,840 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 4 RICHBOROUGH DRIVE has moved in line with the HPI for detached houses in the Medway local authority area.
• The May 2019 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RICHBOROUGH DRIVE has not materially changed since May 2019.

How Large is 4 RICHBOROUGH DRIVE?

4 RICHBOROUGH DRIVE is 128m² according to the EPC inspection conducted in November 2016. This puts it in the largest 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 RICHBOROUGH DRIVE lies on this distribution: 56% of detached houses houses are smaller than 4 RICHBOROUGH DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Rochester.

4 RICHBOROUGH DRIVE: Plot and Title Map

4 RICHBOROUGH DRIVE sits on a plot of roughly 0.121 of an acre, or 488m². The below map shows the location of 4 RICHBOROUGH DRIVE, 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 RICHBOROUGH DRIVE). 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 RICHBOROUGH DRIVE?

4 RICHBOROUGH DRIVE is located in STROOD, in the ME2 postcode district. The below map shows the position of No. 4 on RICHBOROUGH DRIVE.