2, MILL CLOSE, LENHAM, MAIDSTONE, ME17 2LF - £270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MILL CLOSE is a very small detached house of 37m², built sometime between 1976 and 1982. It was last sold for £270,000 in November 2021, which was around 47% below the average November 2021 detached price in the Maidstone local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was A.

2 MILL CLOSE Sold Prices

Land registry data shows three sales for 2 MILL 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 2 MILL 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
2021 26 NOV	£270,000	£507,992	47% below HPI
2018 19 APR	£270,000	£493,334	45% below HPI
1997 5 DEC	£60,000	£128,572	53% below HPI

2 MILL 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 2 MILL CLOSE sales between December 1997 and November 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 April 2018 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2021 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 2 MILL CLOSE?

2 MILL CLOSE is 37m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses in Lenham, based on EPC data. The below chart shows the distribution of detached houses by size in Lenham, and where 2 MILL CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 2 MILL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lenham.

2 MILL CLOSE: Plot and Title Map

2 MILL CLOSE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 2 MILL 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 MILL 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 MILL CLOSE?

2 MILL CLOSE is located in LENHAM, in the ME17 postcode district. The below map shows the position of No. 2 on MILL CLOSE.