2, GREYFRIARS CLOSE, MAIDSTONE, ME16 0GS - £600,000

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.

2 GREYFRIARS CLOSE is a large extended detached house of 143m², built sometime between 1991 and 1995, which could now be worth an estimated £684,706. It was last sold for £600,000 in October 2021, which was around 8% above the average October 2021 detached price in the Maidstone local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was C.

2 GREYFRIARS CLOSE Sold Prices

Land registry data shows two sales for 2 GREYFRIARS 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 2 GREYFRIARS CLOSE sales were for above 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
2021 28 OCT	£600,000	£556,371	8% above HPI
2003 24 SEP	£330,000	£299,433	10% above HPI

2 GREYFRIARS 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 2 GREYFRIARS CLOSE sales from September 2003 and October 2021 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 September 2003 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 2 GREYFRIARS CLOSE be worth now?

2 GREYFRIARS CLOSE might now be worth an estimated £684,706.

This is based on house price inflation of 14.1%, between October 2021 and February 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 14.1% inflationary increase is applied to the most recent sale price for 2 GREYFRIARS CLOSE of £600,000 on 28th October 2021. For the value to have increased from £600,000 to £684,706 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 GREYFRIARS CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The October 2021 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREYFRIARS CLOSE has not materially changed since October 2021.

How Large is 2 GREYFRIARS CLOSE?

2 GREYFRIARS CLOSE is 143m², which includes one extension, according to the EPC inspection conducted in October 2020. 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 2 GREYFRIARS CLOSE lies on this distribution: 74% of detached houses houses are smaller than 2 GREYFRIARS CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

2 GREYFRIARS CLOSE: Plot and Title Map

2 GREYFRIARS CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 2 GREYFRIARS 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 2 GREYFRIARS 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 2 GREYFRIARS CLOSE?

2 GREYFRIARS CLOSE is located in MAIDSTONE, in the ME16 postcode district. The below map shows the position of No. 2 on GREYFRIARS CLOSE.