1, HALFPENNY CLOSE, MAIDSTONE, ME16 9AJ - £465,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 HALFPENNY CLOSE is a midsized extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £485,274. It was last sold for £465,000 in March 2022, which was around 22% below the average March 2022 detached price in the Maidstone local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

1 HALFPENNY CLOSE Sold Prices

Land registry data shows two sales for 1 HALFPENNY 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 1 HALFPENNY 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
2022 14 MAR	£465,000	£593,405	22% below HPI
2006 10 NOV	£282,500	£359,824	21% below HPI

1 HALFPENNY 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 1 HALFPENNY CLOSE sales from November 2006 and March 2022 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 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1 HALFPENNY CLOSE be worth now?

1 HALFPENNY CLOSE might now be worth an estimated £485,274.

This is based on house price inflation of 4.4%, between March 2022 and December 2024, 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 4.4% inflationary increase is applied to the most recent sale price for 1 HALFPENNY CLOSE of £465,000 on 14th March 2022. For the value to have increased from £465,000 to £485,274 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 1 HALFPENNY CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The March 2022 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HALFPENNY CLOSE has not materially changed since March 2022.

How Large is 1 HALFPENNY CLOSE?

1 HALFPENNY CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Maidstone, and where 1 HALFPENNY CLOSE lies on this distribution: 53% of detached houses houses are smaller than 1 HALFPENNY CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

1 HALFPENNY CLOSE: Plot and Title Map

1 HALFPENNY CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 1 HALFPENNY 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 1 HALFPENNY 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 1 HALFPENNY CLOSE?

1 HALFPENNY CLOSE is located in MAIDSTONE, in the ME16 postcode district. The below map shows the position of No. 1 on HALFPENNY CLOSE.