3, MELROSE CLOSE, MAIDSTONE, ME15 6BD - £367,500

3 MELROSE CLOSE is a small detached house of 110m², built sometime between 1967 and 1975. It was last sold for £367,500 in January 2018, which was around 25% below the average January 2018 detached price in the Maidstone local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

3 MELROSE CLOSE Sold Prices

Land registry data shows three sales for 3 MELROSE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. All of the three 3 MELROSE 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 25 JAN	£367,500	£487,226	25% below HPI
2015 27 NOV	£340,000	£425,170	20% below HPI
2001 21 SEP	£174,000	£207,253	16% below HPI

3 MELROSE 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 three 3 MELROSE CLOSE sales between September 2001 and January 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 November 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 3 MELROSE CLOSE?

3 MELROSE CLOSE is 110m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 40% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where 3 MELROSE CLOSE lies on this distribution: 38% of detached houses are smaller than 3 MELROSE CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

3 MELROSE CLOSE: Plot and Title Map

3 MELROSE CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 3 MELROSE 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 MELROSE 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 MELROSE CLOSE?

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