15, MILL CLOSE, ROCHESTER, ME2 3DA - £420,000

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.

15 MILL CLOSE is a small extended detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £405,872. It was last sold for £420,000 in February 2023, which was around 23% below the average February 2023 detached price in the Medway local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

15 MILL CLOSE Sold Prices

Land registry data shows one sale for 15 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Medway local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 20 FEB	£420,000	£544,225	23% below HPI

What might 15 MILL CLOSE be worth now?

15 MILL CLOSE might now be worth an estimated £405,872.

This is based on house price deflation of 3.4%, between February 2023 and May 2026, 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 3.4% deflationary decrease is applied to the most recent sale price for 15 MILL CLOSE of £420,000 on 20th February 2023. For the value to have decreased from £420,000 to £405,872 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 15 MILL CLOSE has moved in line with the HPI for detached houses in the Medway local authority area.
• The February 2023 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MILL CLOSE has not materially changed since February 2023.

How Large is 15 MILL CLOSE?

15 MILL CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses in Rochester, based on EPC data. The below chart shows the distribution of detached houses by size in Rochester, and where 15 MILL CLOSE lies on this distribution: 40% of detached houses are smaller than 15 MILL CLOSE, and 59% of detached houses are larger. Note that EPC data is not available for all properties in Rochester.

15 MILL CLOSE: Plot

15 MILL CLOSE sits on a plot of roughly 0.071 of an acre, or 287m².

Where is 15 MILL CLOSE?

15 MILL CLOSE is located in ROCHESTER, in the ME2 postcode district.