2, PENNY CRESS GARDENS, MAIDSTONE, ME16 8JP - £540,000

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

2 PENNY CRESS GARDENS is a midsized extended detached house of 113m², built sometime between 2003 and 2006, which could now be worth an estimated £552,195. It was last sold for £540,000 in December 2023, which was around 11% below the average December 2023 detached price in the Maidstone local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

2 PENNY CRESS GARDENS Sold Prices

Land registry data shows three sales for 2 PENNY CRESS GARDENS 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 PENNY CRESS GARDENS 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
2023 15 DEC	£540,000	£605,601	11% below HPI
2004 30 JUL	£269,995	£320,600	16% below HPI
2000 28 APR	£187,750	£192,135	2% below HPI

2 PENNY CRESS GARDENS 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 PENNY CRESS GARDENS sales between April 2000 and December 2023 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 July 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 PENNY CRESS GARDENS be worth now?

2 PENNY CRESS GARDENS might now be worth an estimated £552,195.

This is based on house price inflation of 2.3%, between December 2023 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 2.3% inflationary increase is applied to the most recent sale price for 2 PENNY CRESS GARDENS of £540,000 on 15th December 2023. For the value to have increased from £540,000 to £552,195 over the one year to December 2024, the following assumptions must hold true:

• The value of 2 PENNY CRESS GARDENS has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The December 2023 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNY CRESS GARDENS has not materially changed since December 2023.

How Large is 2 PENNY CRESS GARDENS?

2 PENNY CRESS GARDENS is 113m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 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 2 PENNY CRESS GARDENS lies on this distribution: 42% of detached houses houses are smaller than 2 PENNY CRESS GARDENS, and 57% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

2 PENNY CRESS GARDENS: Plot and Title Map

2 PENNY CRESS GARDENS sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 2 PENNY CRESS GARDENS, 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 PENNY CRESS GARDENS). 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 PENNY CRESS GARDENS?

2 PENNY CRESS GARDENS is located in MAIDSTONE, in the ME16 postcode district. The below map shows the position of No. 2 on PENNY CRESS GARDENS.