8, MILL CLOSE, ROCHESTER, ME2 3DA - £279,000

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.

8 MILL CLOSE is a very small extended terraced house of 80m², built sometime between 1930 and 1949, which could now be worth an estimated £348,262. It was last sold for £279,000 in November 2017, which was around 28% above the average November 2017 terraced price in the Medway local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

8 MILL CLOSE Sold Prices

Land registry data shows two sales for 8 MILL CLOSE 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 8 MILL CLOSE 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
2017 30 NOV	£279,000	£217,748	28% above HPI
2013 22 FEB	£151,250	£138,031	10% above HPI

8 MILL CLOSE 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 8 MILL CLOSE sales from February 2013 and November 2017 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 February 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2017 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 8 MILL CLOSE be worth now?

8 MILL CLOSE might now be worth an estimated £348,262.

This is based on house price inflation of 24.8%, between November 2017 and April 2026, 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 24.8% inflationary increase is applied to the most recent sale price for 8 MILL CLOSE of £279,000 on 30th November 2017. For the value to have increased from £279,000 to £348,262 over the nine years and seven months to April 2026, the following assumptions must hold true:

• The value of 8 MILL CLOSE has moved in line with the HPI for terraced houses in the Medway local authority area.
• The November 2017 sale price of £279,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MILL CLOSE has not materially changed since November 2017.

How Large is 8 MILL CLOSE?

8 MILL CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of terraced houses houses in Rochester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Rochester, and where 8 MILL CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 8 MILL CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Rochester.

8 MILL CLOSE: Plot and Title Map

8 MILL CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 8 MILL 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 8 MILL 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 8 MILL CLOSE?

8 MILL CLOSE is located in ROCHESTER, in the ME2 postcode district. The below map shows the position of No. 8 on MILL CLOSE.