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House Prices in ME3

The average house price in ME3 (Rochester) is £487,500 using HM Land Registry data.

The average property price increased by £85,216 (18.02%) over the last 5 years and increased by £17,075 (2.87%) over the last 12 months.

Over the last year, there were 194 residential property sales – a decrease of 74 transactions (-38.14%) relative to the previous year. The majority of house sales (57) were in the £286,000 - £362,000 range. Then came properties in the £210,000 - £286,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,315 (-1%).

In Oct 24, there were 59 new estate agency instructions, 58 agreed home sales and 36 property price reductions.

5-Year Average Property Prices in ME3 (Rochester)

18.02%

Property prices in Rochester increased by 18.02% 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 ME3 (Rochester) Over the Last Year

2.87%

Property prices in Rochester increased by 2.87% 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 ME3 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 ME3 (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 ME3 (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 ME3 (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 ME3 (Rochester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the ME3 postcode area since 1995.

Recent Sales in ME3 (Rochester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
43 Reed Street, Cliffe, Rochester, Medway, ME3 7UL	£435,000	£427,500	-£7,500	14 May 2024	22 Aug 2024	100 Days
11 Goodwood Close, High Halstow, Rochester, Medway, ME3 8SU	£425,000	£408,000	-£17,000	18 Apr 2024	19 Aug 2024	123 Days
21 Chattenden Lane, Chattenden, Rochester, Medway, ME3 8LE	£465,000	£450,000	-£15,000	16 Apr 2024	29 Jul 2024	104 Days
Trevelgue, Ratcliffe Highway, St Mary Hoo, Rochester, Medway, ME3 8RN	£600,000	£570,000	-£30,000	25 Sep 2023	26 Jul 2024	305 Days
12 Niven Close, Wainscott, Rochester, Medway, ME3 8BS	£550,000	£533,500	-£16,500	29 Jan 2024	14 Jun 2024	137 Days
26 Town Road, Cliffe Woods, Rochester, Medway, ME3 8JE	£600,000	£590,000	-£10,000	15 Jan 2024	06 Jun 2024	143 Days
10 Norah Lane, Higham, Rochester, Kent, ME3 7ER	£425,000	£425,000	£00	25 Jan 2024	04 Jun 2024	131 Days
12 Teal Close, Isle Of Grain, Rochester, Medway, ME3 0DL	£250,000	£250,000	£00	23 Oct 2023	09 May 2024	199 Days
4 Pankhurst Road, Hoo, Rochester, Medway, ME3 9DF	£350,000	£340,000	-£10,000	29 Aug 2023	09 May 2024	254 Days
1 Puffin Road, Isle Of Grain, Rochester, Medway, ME3 0EJ	£299,995	£299,995	£00	21 Nov 2023	19 Apr 2024	150 Days
Mill Croft, Allhallows Road, Lower Stoke, Rochester, Medway, ME3 9SL	£425,000	£425,000	£00	04 Sep 2023	05 Apr 2024	214 Days
34 Christmas Lane, High Halstow, Rochester, Medway, ME3 8SN	£450,000	£430,000	-£20,000	04 Oct 2023	05 Apr 2024	184 Days
15 St Johns Road, Hoo, Rochester, Medway, ME3 9JT	£375,000	£372,500	-£2,500	13 Nov 2023	05 Apr 2024	144 Days
8 St Andrews Walk, Allhallows, Rochester, Medway, ME3 9QY	£250,000	£245,000	-£5,000	24 Oct 2023	27 Mar 2024	155 Days
9 Marshland View, Lower Stoke, Rochester, Medway, ME3 9SW	£375,000	£365,000	-£10,000	29 Aug 2023	22 Mar 2024	206 Days
17 Holmes Close, High Halstow, Rochester, Medway, ME3 8RY	£290,000	£290,000	£00	05 Jul 2023	08 Mar 2024	247 Days
28 Guinness Drive, Wainscott, Rochester, Medway, ME3 8GE	£600,000	£590,000	-£10,000	06 Nov 2023	01 Mar 2024	116 Days
162 Knights Road, Hoo, Rochester, Medway, ME3 9BY	£325,000	£320,000	-£5,000	19 Sep 2023	01 Mar 2024	164 Days
10 Shepherds Way, Lower Stoke, Rochester, Medway, ME3 9RG	£300,000	£285,000	-£15,000	05 Sep 2023	01 Mar 2024	178 Days
4 Olivier Drive, Wainscott, Rochester, Medway, ME3 8GQ	£560,000	£550,000	-£10,000	07 Feb 2024	01 Mar 2024	23 Days

Most Expensive Streets in ME3 (Rochester)

Postcode	Street	Area	Average	No. of Sales
ME3 8SA	Cooling Road, High Halstow	Rochester	£783,400	5
ME3 7NW	Telegraph Hill, Higham	Rochester	£782,892	7
ME3 8DF	Cooling	Rochester	£760,000	3
ME3 8AL	Hollywood Lane, Wainscott	Rochester	£695,000	3
ME3 7EQ	Gravesend Road, Higham	Rochester	£656,250	4
ME3 7EH	Walmers Avenue, Higham	Rochester	£648,333	6
ME3 7EW	Norah Lane, Higham	Rochester	£620,625	4
ME3 8EE	Grant Road, Wainscott	Rochester	£609,500	6
ME3 7NJ	Copperfield Crescent, Higham	Rochester	£608,333	3
ME3 8RJ	Ratcliffe Highway, St Mary Hoo	Rochester	£605,000	3

Least Expensive Streets in ME3 (Rochester)

Postcode	Street	Area	Average	No. of Sales
ME3 9AX	Flack Gardens, Hoo	Rochester	£145,343	16
ME3 9BN	Nursery Gardens, Hoo	Rochester	£153,937	8
ME3 9PZ	Avery Way, Allhallows	Rochester	£167,625	4
ME3 0BG	Police Cottages, West Lane	Rochester	£169,333	3
ME3 9AT	Everest Mews, Hoo	Rochester	£173,333	3
ME3 9HS	Willow Grange, Hoo	Rochester	£176,027	18
ME3 0DF	Grayne Avenue, Isle Of Grain	Rochester	£197,375	4
ME3 0DL	Teal Close, Isle Of Grain	Rochester	£206,666	3
ME3 0ED	Pannell Road, Isle Of Grain	Rochester	£218,437	8
ME3 0DQ	Green Lane, Isle Of Grain	Rochester	£222,450	10