CHERRY TREE COTTAGE, NEW BARNS ROAD, PENENDEN HEATH, MAIDSTONE, ME14 2EH - £250,000

CHERRY TREE COTTAGE is a very small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £250,000 in May 2014, which was around 31% below the average May 2014 detached price in the Maidstone local authority area. The most recent EPC inspection was December 2013, where the current energy rating was C, and the potential energy rating was B.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows three sales for CHERRY TREE COTTAGE 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 CHERRY TREE COTTAGE 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
2014 23 MAY	£250,000	£362,565	31% below HPI
2008 29 FEB	£200,000	£347,845	43% below HPI
2006 24 NOV	£249,995	£324,410	23% below HPI

CHERRY TREE COTTAGE 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 CHERRY TREE COTTAGE sales between November 2006 and May 2014 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 2008 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2014 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 88m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 20% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where CHERRY TREE COTTAGE lies on this distribution: 17% of detached houses are smaller than CHERRY TREE COTTAGE, and 83% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of CHERRY TREE COTTAGE, 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 CHERRY TREE COTTAGE). 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 CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is located on NEW BARNS ROAD in PENENDEN HEATH, in the ME14 postcode district. The below map shows the position of CHERRY TREE COTTAGE on NEW BARNS ROAD.