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House Prices in ME1 House Prices in ME1 (Rochester)

The average house price in ME1 (Rochester) is £299,433 using HM Land Registry data.

The average property price increased by £16,846 (19.12%) over the last 5 years and increased by £3,376 (3.03%) over the last 12 months.

Over the last year, there were 323 residential property sales – a decrease of 117 transactions (-36.22%) relative to the previous year. The majority of house sales (83) were in the £240,000 - £300,000 range. Then came properties in the £300,000 - £360,000 range, where 75 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 172 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,857 (-2%).

In Dec 24, there were 42 new estate agency instructions, 29 agreed home sales and 11 property price reductions.

Nearby Postcodes: CT2, CT4, CT5, DA12, DA13, ME10, ME11, ME12, ME13, ME14, ME15, ME16, ME17, ME18, ME19, ME2, ME20, ME3, ME4, ME5, ME6, ME7, ME9, TN11, TN12, TN15, TN25, TN27

5-Year Average Property Prices in ME1 (Rochester)

19.12%

Property prices in Rochester increased by 19.12% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in ME1 (Rochester) Over the Last Year

3.03%

Property prices in Rochester increased by 3.03% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for ME1 (Rochester) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in ME1 (Rochester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in ME1 (Rochester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in ME1 (Rochester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the ME1 (Rochester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME1 postcode area since 1995.

Recent Sales in ME1 (Rochester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
14 Pattens Gardens, Rochester, Medway, ME1 2QP£550,000£549,000-£1,00022 May 202418 Nov 2024180 Days
5 Ferry Lane, Wouldham, Rochester, Kent, ME1 3UU£240,000£235,000-£5,00005 Sep 202415 Nov 202471 Days
74 Sidney Road, Rochester, Medway, ME1 3HQ£200,000£200,000£0016 May 202415 Nov 2024183 Days
10 Ferry Lane, Wouldham, Rochester, Kent, ME1 3UU£260,000£255,000-£5,00025 May 202411 Nov 2024170 Days
6 Huntsmans Close, Rochester, Medway, ME1 2RD£300,000£295,000-£5,00002 Aug 202408 Nov 202498 Days
85 Arethusa Road, Rochester, Medway, ME1 2UN£160,000£150,000-£10,00026 Jul 202407 Nov 2024104 Days
74 Pennant Road, Rochester, Medway, ME1 2XT£425,000£395,000-£30,00025 Mar 202401 Nov 2024221 Days
63 Oldfield Drive, Wouldham, Rochester, Kent, ME1 3GP£350,000£350,000£0004 Oct 202330 Oct 2024392 Days
5 Cloisterham Road, Rochester, Medway, ME1 2BW£550,000£540,000-£10,00003 Aug 202428 Oct 202486 Days
127 Maidstone Road, Rochester, Medway, ME1 1RR£385,000£376,000-£9,00028 May 202423 Aug 202487 Days
77 The Fairway, Rochester, Medway, ME1 2LT£400,000£400,000£0028 Mar 202408 Aug 2024133 Days
29 Applecross Close, Rochester, Medway, ME1 1SQ£400,000£400,000£0012 Oct 202331 Jul 2024293 Days
25 Church Street, Burham, Rochester, Kent, ME1 3SB£322,500£320,000-£2,50001 Mar 202426 Jul 2024147 Days
50 Downs View, Burham, Rochester, Kent, ME1 3RR£350,000£342,500-£7,50018 Mar 202426 Jul 2024130 Days
2 Jasper Avenue, Rochester, Medway, ME1 2LA£270,000£270,000£0005 Dec 202317 Jul 2024225 Days
100 Maidstone Road, Rochester, Medway, ME1 3DE£400,000£399,000-£1,00016 Apr 202412 Jul 202487 Days
26 Tupman Close, Rochester, Medway, ME1 1RS£350,000£350,000£0022 Feb 202421 Jun 2024120 Days
78 Church Street, Burham, Rochester, Kent, ME1 3SD£278,500£268,000-£10,50017 Apr 202414 Jun 202458 Days
10 Hall Road, Wouldham, Rochester, Kent, ME1 3XN£365,000£365,000£0007 Feb 202413 Jun 2024127 Days
9 Summerson Close, Rochester, Medway, ME1 3BF£200,000£117,500-£82,50004 Jun 201831 May 20242188 Days

Most Expensive Streets in ME1 (Rochester)

PostcodeStreetAreaAverageNo. of Sales
ME1 1STMinor Canon RowRochester£953,3333
ME1 3AGPriestfieldsRochester£842,0003
ME1 3AEPriestfieldsRochester£819,0003
ME1 1UDRoebuck RoadRochester£799,5004
ME1 3ABPriestfieldsRochester£790,3333
ME1 1TUSt Margarets StreetRochester£737,5004
ME1 3BDBorstal RoadRochester£731,0005
ME1 3EXLillymonte DriveRochester£694,0005
ME1 1XBStar HillRochester£659,3333
ME1 3AZAbbotts CloseRochester£640,0004

Least Expensive Streets in ME1 (Rochester)

PostcodeStreetAreaAverageNo. of Sales
ME1 1FPFoord House, Corporation Street, RochesterRochester£78,9163
ME1 2EZRichard Howe House, Palm DriveRochester£79,0833
ME1 1FRCloudesley House, Corporation Street, RochesterRochester£118,4208
ME1 1BUHigh StreetRochester£128,1254
ME1 1JGRochester GateRochester£130,66424
ME1 1FFRoyal Oak House, Doust WayRochester£135,75011
ME1 3NRSecretan RoadRochester£145,4495
ME1 2RFLea Court, Huntsmans CloseRochester£147,1666
ME1 3ALShorts WayRochester£151,0163
ME1 1HPDarwin CourtRochester£153,0005

Explore ME1 (Rochester) using map

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