RIVER VIEW, LAURA PLACE, ROCHESTER, ME1 3JX - £380,000

RIVER VIEW is a midsized extended detached house of 113m², built sometime between 1950 and 1966. It was last sold for £380,000 in November 2020, which was around 14% below the average November 2020 detached price in the Medway local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

RIVER VIEW Sold Prices

Land registry data shows four sales for RIVER VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Medway local authority area for the corresponding sale date. All of the four RIVER VIEW 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 23 NOV	£380,000	£441,784	14% below HPI
2017 10 OCT	£325,000	£423,218	23% below HPI
2005 5 MAY	£188,000	£248,182	24% below HPI
2004 5 MAR	£185,000	£237,856	22% below HPI

RIVER VIEW 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 four RIVER VIEW sales between March 2004 and November 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 October 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is RIVER VIEW?

RIVER VIEW is 113m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where RIVER VIEW lies on this distribution: 41% of detached houses are smaller than RIVER VIEW, and 59% of houses are larger. Note that EPC data is not available for all properties in Rochester.

RIVER VIEW: Plot and Title Map

RIVER VIEW sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of RIVER VIEW, 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 RIVER VIEW). 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 RIVER VIEW?

RIVER VIEW is located on LAURA PLACE in ROCHESTER, in the ME1 postcode district. The below map shows the position of RIVER VIEW on LAURA PLACE.