5, ACRE CLOSE, ROCHESTER, ME1 2RE - £250,000

5 ACRE CLOSE is a very small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £250,000 in February 2016, which was around 30% below the average February 2016 detached price in the Medway local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was B.

5 ACRE CLOSE Sold Prices

Land registry data shows two sales for 5 ACRE 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 5 ACRE 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
2016 12 FEB	£250,000	£359,607	30% below HPI
2003 30 JAN	£170,000	£213,287	20% below HPI

5 ACRE 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 5 ACRE CLOSE sales from January 2003 and February 2016 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 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 ACRE CLOSE?

5 ACRE CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 5 ACRE CLOSE lies on this distribution: 5% of detached houses are smaller than 5 ACRE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Rochester.

5 ACRE CLOSE: Plot and Title Map

5 ACRE CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 5 ACRE 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 5 ACRE 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 5 ACRE CLOSE?

5 ACRE CLOSE is located in ROCHESTER, in the ME1 postcode district. The below map shows the position of No. 5 on ACRE CLOSE.