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Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Five Bells Lane, Rochester is £248,945 and the estimated rental value is £1,222 per month.
Five Bells Lane, Rochester, ME1 is located within the ME1 postal district.
7, Five Bells Lane, Rochester has 3 entries in the Land Registry , most recently in October 2023 and a single entry in the EPC database dated September 2016.
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 7, Five Bells Lane, Rochester is in very good condition we estimate a sale value of £261,392 and a rental value of £1,283 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,519 and a rental value of £1,137 per month.
Over the last 12 months the sale value of 7 Five Bells Lane Rochester has decreased by an estimated £2,276 (0.9%) and its rental value has increased by an estimated £31 per month (2.5%), giving an expected gross yield of 5.9%.
7, Five Bells Lane, Rochester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 Sep 2016.
The property is connected to mains gas and has single glazed windows. It is heated using Room heaters, mains gas.
According to HM Land Registry, 7, Five Bells Lane, Rochester was last sold on 27th October 2023 for £260,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since October 2023, the market for similar properties has dropped 15.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Five Bells Lane, Rochester within a radius of 480 metres over the last 2 years.
The most recent example is Flat B, 35, New Road, Rochester, ME1 1DX, a leasehold flat which sold for £98,112 on the 15th August 2024.
Read more about house prices in ME1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Five Bells Lane, Rochester, ME1 has a total of 29 addresses. According to our analysis of all the public data, 7, Five Bells Lane, Rochester is the 28th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £84k less expensive than the average property in ME1.
The closest station to 7, Five Bells Lane, Rochester is Rochester station which is 300 metres 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 7, Five Bells Lane, Rochester, 53.5% of property is privately rented and 22.8% 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 7, Five Bells Lane, Rochester, 15.4% of residents are recorded as possessing school level qualifications and 40.2% 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 7, Five Bells Lane, Rochester, the average age was 34.4 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 7, Five Bells 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 7, Five Bells Lane, Rochester, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.