12, THE LAXEY, TOVIL, MAIDSTONE, ME15 6FX - £225,000

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 THE LAXEY is a very small terraced house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £267,051. It was last sold for £225,000 in March 2020, which was around 9% below the average March 2020 terraced price in the Maidstone local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

12 THE LAXEY Sold Prices

Land registry data shows four sales for 12 THE LAXEY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Maidstone local authority area for the corresponding sale date. All of the four 12 THE LAXEY 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
2020 11 MAR	£225,000	£248,044	9% below HPI
2015 14 AUG	£193,000	£218,997	12% below HPI
2008 28 MAR	£165,500	£184,512	10% below HPI
2003 20 JUN	£125,000	£137,754	9% below HPI

12 THE LAXEY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Maidstone local authority area over time, sourced from the HPI. The four 12 THE LAXEY sales between June 2003 and March 2020 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 August 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2020 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 12 THE LAXEY be worth now?

12 THE LAXEY might now be worth an estimated £267,051.

This is based on house price inflation of 18.7%, between March 2020 and June 2025, for terraced 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 18.7% inflationary increase is applied to the most recent sale price for 12 THE LAXEY of £225,000 on 11th March 2020. For the value to have increased from £225,000 to £267,051 over the four years and nine months to June 2025, the following assumptions must hold true:

• The value of 12 THE LAXEY has moved in line with the HPI for terraced houses in the Maidstone local authority area.
• The March 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE LAXEY has not materially changed since March 2020.

How Large is 12 THE LAXEY?

12 THE LAXEY is 54m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of terraced houses houses in Maidstone, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Maidstone, and where 12 THE LAXEY lies on this distribution: 1% of terraced houses houses are smaller than 12 THE LAXEY, and 99% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

12 THE LAXEY: Plot and Title Map

12 THE LAXEY sits on a plot of roughly 0.023 of an acre, or 93m². The below map shows the location of 12 THE LAXEY, 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 THE LAXEY). 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 THE LAXEY?

12 THE LAXEY is located in TOVIL, in the ME15 postcode district. The below map shows the position of No. 12 on THE LAXEY.