15, WOODCUT, PENENDEN HEATH, MAIDSTONE, ME14 2EQ - £465,000

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.

15 WOODCUT is a large extended detached house of 148m², built sometime between 1950 and 1966, which could now be worth an estimated £537,655. It was last sold for £465,000 in November 2020, which was around 14% below the average November 2020 detached price in the Maidstone local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

15 WOODCUT Sold Prices

Land registry data shows three sales for 15 WOODCUT 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 15 WOODCUT 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
2020 27 NOV	£465,000	£538,814	14% below HPI
2018 14 AUG	£445,000	£549,074	19% below HPI
2004 7 SEP	£272,000	£318,848	15% below HPI

15 WOODCUT 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 15 WOODCUT sales between September 2004 and November 2020 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 August 2018 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 15 WOODCUT be worth now?

15 WOODCUT might now be worth an estimated £537,655.

This is based on house price inflation of 15.6%, between November 2020 and March 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 15.6% inflationary increase is applied to the most recent sale price for 15 WOODCUT of £465,000 on 27th November 2020. For the value to have increased from £465,000 to £537,655 over the five years and eight months to March 2025, the following assumptions must hold true:

• The value of 15 WOODCUT has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The November 2020 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WOODCUT has not materially changed since November 2020.

How Large is 15 WOODCUT?

15 WOODCUT is 148m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the largest 30% 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 15 WOODCUT lies on this distribution: 77% of detached houses houses are smaller than 15 WOODCUT, and 23% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

15 WOODCUT: Plot and Title Map

15 WOODCUT sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 15 WOODCUT, 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 15 WOODCUT). 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 15 WOODCUT?

15 WOODCUT is located in PENENDEN HEATH, in the ME14 postcode district. The below map shows the position of No. 15 on WOODCUT.