3, MADGINFORD CLOSE, BEARSTED, MAIDSTONE, ME15 8LF - £365,000

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.

3 MADGINFORD CLOSE is a very small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £415,088. It was last sold for £365,000 in August 2018, which was around 34% below the average August 2018 detached price in the Maidstone local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

3 MADGINFORD CLOSE Sold Prices

Land registry data shows two sales for 3 MADGINFORD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Both of the two 3 MADGINFORD 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
2018 31 AUG	£365,000	£549,074	34% below HPI
2017 20 DEC	£369,000	£533,302	31% below HPI

3 MADGINFORD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Maidstone local authority area over time, sourced from the HPI. The two 3 MADGINFORD CLOSE sales from December 2017 and August 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 December 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 3 MADGINFORD CLOSE be worth now?

3 MADGINFORD CLOSE might now be worth an estimated £415,088.

This is based on house price inflation of 13.7%, between August 2018 and August 2025, for 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 13.7% inflationary increase is applied to the most recent sale price for 3 MADGINFORD CLOSE of £365,000 on 31st August 2018. For the value to have increased from £365,000 to £415,088 over the seven years to August 2025, the following assumptions must hold true:

• The value of 3 MADGINFORD CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The August 2018 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MADGINFORD CLOSE has not materially changed since August 2018.

How Large is 3 MADGINFORD CLOSE?

3 MADGINFORD CLOSE is 83m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of detached houses houses in Bearsted, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bearsted, and where 3 MADGINFORD CLOSE lies on this distribution: 13% of detached houses houses are smaller than 3 MADGINFORD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Bearsted.

3 MADGINFORD CLOSE: Plot and Title Map

3 MADGINFORD CLOSE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 3 MADGINFORD 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 3 MADGINFORD 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 3 MADGINFORD CLOSE?

3 MADGINFORD CLOSE is located in BEARSTED, in the ME15 postcode district. The below map shows the position of No. 3 on MADGINFORD CLOSE.