12, DOWNS CLOSE, PENENDEN HEATH, MAIDSTONE, ME14 2JE - £245,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 DOWNS CLOSE is a very small semi-detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £435,715. It was last sold for £245,000 in March 2012, which was around 15% above the average March 2012 semi-detached price in the Maidstone local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

12 DOWNS CLOSE Sold Prices

Land registry data shows four sales for 12 DOWNS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Maidstone local authority area for the corresponding sale date. Most of the four 12 DOWNS CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 16 MAR	£245,000	£212,615	15% above HPI
2007 23 FEB	£195,000	£221,281	12% below HPI
1999 28 JUL	£86,000	£94,120	9% below HPI
1995 31 MAR	£58,000	£69,863	17% below HPI

12 DOWNS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Maidstone local authority area over time, sourced from the HPI. The four 12 DOWNS CLOSE sales between March 1995 and March 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2012 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 12 DOWNS CLOSE be worth now?

12 DOWNS CLOSE might now be worth an estimated £435,715.

This is based on house price inflation of 77.8%, between March 2012 and May 2026, for semi-detached houses, in the Maidstone local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77.8% inflationary increase is applied to the most recent sale price for 12 DOWNS CLOSE of £245,000 on 16th March 2012. For the value to have increased from £245,000 to £435,715 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 12 DOWNS CLOSE has moved in line with the HPI for semi-detached houses in the Maidstone local authority area.
• The March 2012 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 12 DOWNS CLOSE has not materially changed since March 2012.

How Large is 12 DOWNS CLOSE?

12 DOWNS CLOSE is 90m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of semi-detached houses houses in Maidstone, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Maidstone, and where 12 DOWNS CLOSE lies on this distribution: 18% of semi-detached houses houses are smaller than 12 DOWNS CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

12 DOWNS CLOSE: Plot and Title Map

12 DOWNS CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 12 DOWNS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 DOWNS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 DOWNS CLOSE?

12 DOWNS CLOSE is located in PENENDEN HEATH, in the ME14 postcode district. The below map shows the position of No. 12 on DOWNS CLOSE.