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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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2, Blacksmith Lane, Rochester is recorded publicly as a modern freehold house across 1,011 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Blacksmith Lane, Rochester is £402,608 and its rental estimate is £1,902 per month, given the available information and assuming reasonable condition.
Blacksmith Lane, Hoo, Rochester, ME3 falls within the ME3 postal district.
2, Blacksmith Lane, Rochester has a single entry in the Land Registry from September 2023 and a single entry in the EPC database dated July 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Blacksmith Lane, Rochester, we estimate a market value of £422,739 and a rental value of £1,997 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £374,426 and £1,769 per month respectively.
Over the last year, 2, Blacksmith Lane, Rochester has seen its estimated sale value move down by £22 (0.0%) and its estimated rental value increase by £42 per month (2.2%). This results in an estimated gross rental yield of 5.7%.
2, Blacksmith Lane, Rochester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Jul 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
The most recent sale of 2, Blacksmith Lane, Rochester completed on 4th September 2023 at £398,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 10.5% over the period since September 2023.
Over the past 2 years 3 properties similar to 2, Blacksmith Lane, Rochester have sold within a radius of 920 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th June 2023, was 15, Edward Lake Drive, Rochester, ME3 9UY, a freehold house which sold for £385,000.
Read more about house prices in ME3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 23 addresses on Blacksmith Lane, Hoo, Rochester, ME3, 2, Blacksmith Lane, Rochester comes out as the 21st largest and the 21st most expensive in our analysis of the public data.
It is also £20k more expensive than the average property across the ME3 district.
From 2, Blacksmith Lane, Rochester, the nearest station is Gillingham (Kent), 4.2 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Blacksmith Lane, Rochester, 36.2% of property is privately owned outright and 34.5% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Blacksmith Lane, Rochester, 15.0% of residents are recorded as possessing school level qualifications and 12.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Blacksmith Lane, Rochester, the average age was 44.3 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Blacksmith Lane, Rochester, 0.0% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Blacksmith Lane, Rochester, there are an average of 2.0 cars per household.
See below for how this compares to South East and the rest of England & Wales.
