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Rochester House Prices Rochester House Prices

The average house price in Rochester is £304,797 using HM Land Registry data.

The average property price increased by £67,798 (24.43%) over the last 5 years and increased by £13,550 (4.08%) over the last 12 months.

Over the last year, there were 613 residential property sales – a decrease of 281 transactions (-45.84%) relative to the previous year. The majority of house sales (167) were in the £258,000 - £316,000 range. Then came properties in the £316,000 - £374,000 range, where 114 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,207 (-1%).

In April 2024, there were 128 new estate agency instructions, 85 agreed home sales and 44 property price reductions.

Neighbouring Areas: Chatham

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

5-Year Average Property Prices in Rochester

24.43%

Property prices in Rochester increased by 24.43% 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

4.08%

Property prices in Rochester increased by 4.08% 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 - April 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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
28 Guinness Drive, Wainscott, Rochester, Medway, ME3 8GE£600,000£590,000-£10,00006 Nov 202301 Mar 2024116 Days
10 Canon Close, Rochester, Medway, ME1 3EN£350,000£338,000-£12,00027 Oct 202329 Feb 2024125 Days
Alton, Cookham Hill, Rochester, Medway, ME1 3HB£310,000£310,000£0027 Sep 202329 Feb 2024155 Days
9 Canon Close, Rochester, Medway, ME1 3EN£400,000£360,000-£40,00012 Jul 202331 Jan 2024203 Days
23 Association Walk, Rochester, Medway, ME1 2XB£150,000£147,500-£2,50031 Jul 202326 Jan 2024179 Days
15 Thomas Street, Rochester, Medway, ME1 2ED£250,000£250,000£0020 Aug 202316 Jan 2024149 Days
13 Longley Road, Rochester, Medway, ME1 2HB£450,000£430,000-£20,00029 Aug 202305 Jan 2024129 Days
15 Cranmere Court, Strood, Rochester, Medway, ME2 4SF£300,000£290,000-£10,00028 Sep 202320 Dec 202383 Days
123 The Tideway, Rochester, Medway, ME1 2NW£270,000£267,500-£2,50004 Jul 202314 Dec 2023163 Days
9 Bridge Road, Rochester, Medway, ME1 2JN£400,000£400,000£0020 Jul 202313 Dec 2023146 Days
23 Haig Avenue, Rochester, Medway, ME1 2RZ£325,000£310,000-£15,00006 Jun 202312 Dec 2023189 Days
98 Laburnum Road, Rochester, Medway, ME2 2LD£300,000£290,000-£10,00026 Jun 202308 Dec 2023165 Days
4 Warblers Close, Rochester, Medway, ME2 3ED£160,000£152,500-£7,50021 Oct 202307 Dec 202347 Days
Flat 1, Bridge House, Valetta Way, Rochester, Medway, ME1 1TB£265,000£261,500-£3,50007 Jun 202307 Dec 2023183 Days
40 Grafton Avenue, Rochester, Medway, ME1 2RP£375,000£365,000-£10,00021 Jun 202307 Dec 2023169 Days
60 Commissioners Road, Strood, Rochester, Medway, ME2 4EB£395,000£395,000£0019 Aug 202304 Dec 2023107 Days
96 Jarrett Avenue, Wainscott, Rochester, Medway, ME2 4NG£425,000£423,000-£2,00010 Aug 202304 Dec 2023116 Days
255 Wilson Avenue, Rochester, Medway, ME1 2SR£350,000£330,000-£20,00003 Jul 202304 Dec 2023154 Days
27 Cambridge Road, Rochester, Medway, ME2 3HW£330,000£325,000-£5,00003 Aug 202301 Dec 2023120 Days
17 Pilot Road, Rochester, Medway, ME1 3PX£300,000£290,000-£10,00028 Sep 202301 Dec 202364 Days

Most Expensive Streets in Rochester

PostcodeStreetAreaAverageNo. of Sales
ME1 1STMinor Canon RowRochester£953,3333
ME1 1TUSt Margarets StreetRochester£871,2504
ME1 3AEPriestfieldsRochester£864,2504
ME1 3AGPriestfieldsRochester£842,0003
ME1 1UDRoebuck RoadRochester£799,5004
ME1 3ABPriestfieldsRochester£790,3333
ME2 3UHCrutches LaneRochester£764,0005
ME1 3BDBorstal RoadRochester£763,7504
ME4 6JLMaidstone RoadChatham£710,8336
ME1 2TLCity WayRochester£681,6663

Least Expensive Streets in Rochester

PostcodeStreetAreaAverageNo. of Sales
ME1 1FPFoord HouseCorporation Street, Rochester£78,9163
ME2 3JALondon RoadRochester£87,4374
ME2 3EBAlexander CourtMill Road£106,3333
ME1 1FRCloudesley HouseCorporation Street, Rochester£106,4678
ME1 2EZRichard Howe HousePalm Drive£110,5003
ME2 4QEChilham HouseCypress Court£118,3333
ME2 2PNMerrals Wood CourtRochester£121,7504
ME2 3EDWarblers CloseRochester£127,41117
ME1 1BUHigh StreetRochester£128,1254
ME1 1JGRochester GateRochester£132,07121

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