PROSPECT COTTAGE, HIGH STREET, ISLE OF GRAIN, ROCHESTER, ME3 0BS - £485,000

PROSPECT COTTAGE is a very large extended detached house of 229m², built sometime between 2003 and 2006. It was last sold for £485,000 in December 2020, which was around 9% above the average December 2020 detached price in the Medway local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

PROSPECT COTTAGE Sold Prices

Land registry data shows three sales for PROSPECT COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Medway local authority area for the corresponding sale date. One of the three PROSPECT COTTAGE sales was for above the average price, whilst two 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 18 DEC	£485,000	£445,047	9% above HPI
2019 2 DEC	£184,800	£419,349	56% below HPI
2014 31 JAN	£225,000	£277,309	19% below HPI

PROSPECT COTTAGE 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 three PROSPECT COTTAGE sales between January 2014 and December 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 December 2019 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the December 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is PROSPECT COTTAGE?

PROSPECT COTTAGE is 229m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the largest 10% of detached houses in Grain, based on EPC data. The below chart shows the distribution of detached houses by size in Grain, and where PROSPECT COTTAGE lies on this distribution: More than 99% of detached houses are smaller than PROSPECT COTTAGE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Grain.

PROSPECT COTTAGE: Plot and Title Map

PROSPECT COTTAGE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of PROSPECT COTTAGE, 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 PROSPECT COTTAGE). 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 PROSPECT COTTAGE?

PROSPECT COTTAGE is located on HIGH STREET in ISLE OF GRAIN, in the ME3 postcode district. The below map shows the position of PROSPECT COTTAGE on HIGH STREET.