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Rochester House Prices Rochester House Prices

The average house price in Rochester is £331,974 using HM Land Registry data.

The average property price increased by £46,986 (16%) over the last 5 years and increased by £9,415 (2.84%) over the last 12 months.

Over the last year, there were 571 residential property sales – a decrease of 199 transactions (-34.85%) relative to the previous year. The majority of house sales (159) were in the £254,000 - £308,000 range. Then came properties in the £308,000 - £362,000 range, where 129 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 148 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,294 (-1%).

In Dec 24, there were 63 new estate agency instructions, 55 agreed home sales and 12 property price reductions.

Neighbouring Areas: Chatham

Postcodes Covered: ME1, ME2, ME3, ME4, ME5

5-Year Average Property Prices in Rochester

16%

Property prices in Rochester increased by 16% 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 Rochester Over the Last Year

2.84%

Property prices in Rochester increased by 2.84% 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 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 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 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 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 Rochester since 1995

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

Recent Property Sales in 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
74 Sidney Road, Rochester, Medway, ME1 3HQ£200,000£200,000£0016 May 202415 Nov 2024183 Days
49 Winston Road, Rochester, Medway, ME2 2QR£300,000£300,000£0016 May 202411 Nov 2024179 Days
199 Cliffe Road, Rochester, Medway, ME2 3DN£450,000£430,000-£20,00003 Jun 202408 Nov 2024158 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
2 Chester Close, Rochester, Medway, ME2 2QX£290,000£288,444-£1,55631 May 202428 Oct 2024150 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
13 Lansdowne Road, Chatham, Medway, ME4 6LH£325,000£322,000-£3,00005 Apr 202408 Aug 2024125 Days
29 Applecross Close, Rochester, Medway, ME1 1SQ£400,000£400,000£0012 Oct 202331 Jul 2024293 Days
2 Jasper Avenue, Rochester, Medway, ME1 2LA£270,000£270,000£0005 Dec 202317 Jul 2024225 Days
58 Lingley Drive, Wainscott, Rochester, Medway, ME2 4NE£425,000£415,000-£10,00026 Jan 202416 Jul 2024172 Days
25 Prospect Avenue, Rochester, Medway, ME2 3BZ£265,000£245,000-£20,00022 Dec 202312 Jul 2024203 Days
100 Maidstone Road, Rochester, Medway, ME1 3DE£400,000£399,000-£1,00016 Apr 202412 Jul 202487 Days
69 Southwark Road, Rochester, Medway, ME2 2RB£425,000£410,000-£15,00029 Jan 202405 Jul 2024158 Days
186 Laburnum Road, Rochester, Medway, ME2 2LD£300,000£300,000£0028 Feb 202405 Jul 2024128 Days
26 Tupman Close, Rochester, Medway, ME1 1RS£350,000£350,000£0022 Feb 202421 Jun 2024120 Days

Most Expensive Streets in 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
ME2 3UHCrutches LaneRochester£764,0005
ME1 1TUSt Margarets StreetRochester£737,5004
ME4 6JLMaidstone RoadChatham£732,5004
ME1 3BDBorstal RoadRochester£731,0005
ME3 8ALHollywood LaneWainscott£695,0003

Least Expensive Streets in Rochester

PostcodeStreetAreaAverageNo. of Sales
ME1 1FPFoord HouseCorporation Street, Rochester£78,9163
ME1 2EZRichard Howe HousePalm Drive£79,0833
ME1 1FRCloudesley HouseCorporation Street, Rochester£118,4208
ME2 2PNMerrals Wood CourtRochester£121,7504
ME2 3EDWarblers CloseRochester£128,10015
ME1 1BUHigh StreetRochester£128,1254
ME1 1JGRochester GateRochester£130,66424
ME1 1FFRoyal Oak HouseDoust Way£135,75011
ME2 4PXMereworth HouseCypress Court£140,3333
ME1 3NRSecretan RoadRochester£145,4495

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