14, MILL CLOSE, LENHAM, MAIDSTONE, ME17 2LF - £340,000

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.

14 MILL CLOSE is a very small extended terraced house of 78m², built sometime between 1983 and 1990, which could now be worth an estimated £392,906. It was last sold for £340,000 in May 2018, which was around 32% above the average May 2018 terraced price in the Maidstone local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

14 MILL CLOSE Sold Prices

Land registry data shows three sales for 14 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Maidstone local authority area for the corresponding sale date. All of the three 14 MILL CLOSE sales were for above 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
2018 31 MAY	£340,000	£257,045	32% above HPI
2001 21 MAY	£145,000	£93,427	55% above HPI
1999 19 OCT	£125,000	£75,393	66% above HPI

14 MILL CLOSE 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 three 14 MILL CLOSE sales between October 1999 and May 2018 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 May 2001 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the May 2018 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 14 MILL CLOSE be worth now?

14 MILL CLOSE might now be worth an estimated £392,906.

This is based on house price inflation of 15.6%, between May 2018 and April 2026, 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 15.6% inflationary increase is applied to the most recent sale price for 14 MILL CLOSE of £340,000 on 31st May 2018. For the value to have increased from £340,000 to £392,906 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of 14 MILL CLOSE has moved in line with the HPI for terraced houses in the Maidstone local authority area.
• The May 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MILL CLOSE has not materially changed since May 2018.

How Large is 14 MILL CLOSE?

14 MILL CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of terraced houses houses in Lenham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lenham, and where 14 MILL CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 14 MILL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Lenham.

14 MILL CLOSE: Plot and Title Map

14 MILL CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 14 MILL 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 14 MILL 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 14 MILL CLOSE?

14 MILL CLOSE is located in LENHAM, in the ME17 postcode district. The below map shows the position of No. 14 on MILL CLOSE.