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House Prices in ME1

The average house price in ME1 (Rochester) is £316,277 using HM Land Registry data.

The average property price increased by £21,314 (19.12%) over the last 5 years and increased by £4,270 (3.03%) over the last 12 months.

Over the last year, there were 292 residential property sales – a decrease of 164 transactions (-56.16%) relative to the previous year. The majority of house sales (75) were in the £288,000 - £352,000 range. Then came properties in the £224,000 - £288,000 range, where 74 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,747 (-2%).

In Oct 24, there were 88 new estate agency instructions, 47 agreed home sales and 50 property price reductions.

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.

Property Market Heat Gauge for ME1 (Rochester) - Oct 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
127 Maidstone Road, Rochester, Medway, ME1 1RR	£385,000	£376,000	-£9,000	28 May 2024	23 Aug 2024	87 Days
77 The Fairway, Rochester, Medway, ME1 2LT	£400,000	£400,000	£00	28 Mar 2024	08 Aug 2024	133 Days
29 Applecross Close, Rochester, Medway, ME1 1SQ	£400,000	£400,000	£00	12 Oct 2023	31 Jul 2024	293 Days
25 Church Street, Burham, Rochester, Kent, ME1 3SB	£322,500	£320,000	-£2,500	01 Mar 2024	26 Jul 2024	147 Days
50 Downs View, Burham, Rochester, Kent, ME1 3RR	£350,000	£342,500	-£7,500	18 Mar 2024	26 Jul 2024	130 Days
2 Jasper Avenue, Rochester, Medway, ME1 2LA	£270,000	£270,000	£00	05 Dec 2023	17 Jul 2024	225 Days
100 Maidstone Road, Rochester, Medway, ME1 3DE	£400,000	£399,000	-£1,000	16 Apr 2024	12 Jul 2024	87 Days
26 Tupman Close, Rochester, Medway, ME1 1RS	£350,000	£350,000	£00	22 Feb 2024	21 Jun 2024	120 Days
78 Church Street, Burham, Rochester, Kent, ME1 3SD	£278,500	£268,000	-£10,500	17 Apr 2024	14 Jun 2024	58 Days
10 Hall Road, Wouldham, Rochester, Kent, ME1 3XN	£365,000	£365,000	£00	07 Feb 2024	13 Jun 2024	127 Days
9 Summerson Close, Rochester, Medway, ME1 3BF	£200,000	£117,500	-£82,500	04 Jun 2018	31 May 2024	2188 Days
2 Wake Road, Rochester, Medway, ME1 3PW	£290,000	£290,000	£00	10 Feb 2024	31 May 2024	111 Days
17 Thomas Street, Rochester, Medway, ME1 2ED	£250,000	£247,630	-£2,370	01 Feb 2024	23 May 2024	112 Days
110 Borstal Road, Rochester, Medway, ME1 3BD	£750,000	£600,000	-£150,000	20 Oct 2022	23 May 2024	581 Days
6 Downs View, Burham, Rochester, Kent, ME1 3RR	£350,000	£340,000	-£10,000	30 Apr 2024	10 May 2024	10 Days
38 Richard Street, Rochester, Medway, ME1 2EB	£240,000	£230,000	-£10,000	09 Jan 2024	08 May 2024	120 Days
6 Cordelia Crescent, Rochester, Medway, ME1 3JA	£180,000	£178,000	-£2,000	14 Dec 2023	07 May 2024	145 Days
56 Weller Avenue, Rochester, Medway, ME1 2LG	£270,000	£266,000	-£4,000	28 Nov 2023	24 Apr 2024	148 Days
25 High Street, Wouldham, Rochester, Kent, ME1 3XD	£290,000	£290,000	£00	18 Jan 2024	19 Apr 2024	92 Days
19 Farmdale Avenue, Rochester, Medway, ME1 3HU	£500,000	£485,000	-£15,000	06 Sep 2023	17 Apr 2024	224 Days

Most Expensive Streets in ME1 (Rochester)

Postcode	Street	Area	Average	No. of Sales
ME1 1ST	Minor Canon Row	Rochester	£953,333	3
ME1 3AE	Priestfields	Rochester	£864,250	4
ME1 3AG	Priestfields	Rochester	£842,000	3
ME1 1UD	Roebuck Road	Rochester	£799,500	4
ME1 3AB	Priestfields	Rochester	£790,333	3
ME1 1TU	St Margarets Street	Rochester	£737,500	4
ME1 3BD	Borstal Road	Rochester	£731,000	5
ME1 3EX	Lillymonte Drive	Rochester	£694,000	5
ME1 1XB	Star Hill	Rochester	£659,333	3
ME1 3AZ	Abbotts Close	Rochester	£640,000	4

Least Expensive Streets in ME1 (Rochester)

Postcode	Street	Area	Average	No. of Sales
ME1 1FP	Foord House, Corporation Street, Rochester	Rochester	£78,916	3
ME1 2EZ	Richard Howe House, Palm Drive	Rochester	£79,083	3
ME1 1FR	Cloudesley House, Corporation Street, Rochester	Rochester	£118,420	8
ME1 1BU	High Street	Rochester	£128,125	4
ME1 1JG	Rochester Gate	Rochester	£131,185	24
ME1 1FF	Royal Oak House, Doust Way	Rochester	£135,750	11
ME1 3EP	St Margarets Street	Rochester	£141,833	3
ME1 3NR	Secretan Road	Rochester	£145,449	5
ME1 2RF	Lea Court, Huntsmans Close	Rochester	£147,166	6
ME1 3AL	Shorts Way	Rochester	£151,016	3