2, OLDFIELD CLOSE, MAIDSTONE, ME15 8DY - £371,075

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 OLDFIELD CLOSE is a very small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £371,075 in February 2022, which was around 28% below the average February 2022 detached price in the Maidstone local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

2 OLDFIELD CLOSE Sold Prices

Land registry data shows three sales for 2 OLDFIELD 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 OLDFIELD 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 21 FEB	£371,075	£516,744	28% below HPI
2006 8 DEC	£243,000	£325,623	25% below HPI
2002 1 JUL	£175,000	£234,177	25% below HPI

2 OLDFIELD 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 OLDFIELD CLOSE sales between July 2002 and February 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 December 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 OLDFIELD CLOSE?

2 OLDFIELD CLOSE is 86m² according to the EPC inspection conducted in May 2021. 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 2 OLDFIELD CLOSE lies on this distribution: 15% of detached houses are smaller than 2 OLDFIELD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

2 OLDFIELD CLOSE: Plot and Title Map

2 OLDFIELD CLOSE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 2 OLDFIELD 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 OLDFIELD 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 OLDFIELD CLOSE?

2 OLDFIELD CLOSE is located in MAIDSTONE, in the ME15 postcode district. The below map shows the position of No. 2 on OLDFIELD CLOSE.