THE ELMS, MORTIMERS AVENUE, CLIFFE WOODS, ROCHESTER, ME3 8JT - £173,000

THE ELMS is a very small detached house of 50m², built sometime between 1996 and 2002. It was last sold for £173,000 in April 2013, which was around 33% below the average April 2013 detached price in the Medway local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows four sales for THE ELMS 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 THE ELMS 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
2013 8 APR	£173,000	£259,594	33% below HPI
2005 27 JUL	£199,995	£247,137	19% below HPI
2001 1 JUN	£120,000	£153,503	22% below HPI
1999 16 AUG	£21,000	£112,275	81% below HPI

THE ELMS 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 THE ELMS sales between August 1999 and April 2013 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 July 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2013 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is THE ELMS?

THE ELMS is 50m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of detached houses in Cliffe Woods, based on EPC data. The below chart shows the distribution of detached houses by size in Cliffe Woods, and where THE ELMS lies on this distribution: Less than 1% of detached houses are smaller than THE ELMS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Cliffe Woods.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.046 of an acre, or 184m². The below map shows the location of THE ELMS, 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 THE ELMS). 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 THE ELMS?

THE ELMS is located on MORTIMERS AVENUE in CLIFFE WOODS, in the ME3 postcode district. The below map shows the position of THE ELMS on MORTIMERS AVENUE.