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Company No. 11113204
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According to the public record, 294, City Way, Rochester is an early-century freehold house with 871 ft2 of internal area and sits on a 348 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 294, City Way, Rochester is £350,423 and the estimated rental value is £1,571 per month.
City Way, Rochester, ME1 is located within the ME1 postal district.
294, City Way, Rochester has a single entry in the Land Registry from October 2018 and a single entry in the EPC database dated March 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 294, City Way, Rochester is in very good condition we estimate a sale value of £367,944 and a rental value of £1,650 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,893 and a rental value of £1,461 per month.
Over the past 12 months, the estimated sale value of 294, City Way, Rochester has fallen by £1,289 (0.4%), while its estimated rental value has moved up by £35 per month (2.2%). Based on current estimates, the property offers a gross rental yield of 5.4%.
According to data from HM Land Registry, 294, City Way, Rochester sits on a plot of 348 m2.
We have plot size data on 21 out of 21 other houses in the postcode and 294, City Way, Rochester sits on the 18th largest plot.
294, City Way, Rochester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Mar 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 294, City Way, Rochester was last sold on 5th October 2018 for £340,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2018, the market for similar properties has risen by 35.0%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 294, City Way, Rochester within a radius of 500 metres over the last 2 years.
The most recent example is 184, St. Williams Way, Rochester, ME1 2PE, a freehold house which sold for £325,000 on the 24th July 2023.
Read more about house prices in ME1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
City Way, Rochester, ME1 has a total of 397 addresses. According to our analysis of all the public data, 294, City Way, Rochester is the 345th largest and the 361st most expensive property on the street.
When compared to the postcode district it is £18k more expensive than the average property in ME1.
The closest station to 294, City Way, Rochester is Chatham station, which is 1.3 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 294, City Way, Rochester, 47.0% of property is privately owned with a mortgage and 43.6% is privately owned outright.
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 294, City Way, Rochester, 22.0% of residents are recorded as possessing school level qualifications and 34.2% 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 294, City Way, Rochester, the average age was 37.9 and the most common age was 32.
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 294, City Way, Rochester, 1.9% 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 294, City Way, Rochester, there are an average of 1.5 cars per household.
See below for how this compares to South East and the rest of England & Wales.
