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

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 PENNY CRESS GARDENS is a midsized extended detached house of 113m², built sometime between 2003 and 2006. It was last sold for £540,000 in December 2023, which was around 2% 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. Two of the three 2 PENNY CRESS GARDENS sales were for below the average price, whilst one was 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
2023 15 DEC	£540,000	£549,323	2% below HPI
2004 30 JUL	£269,995	£289,046	7% below HPI
2000 28 APR	£187,750	£173,225	8% above 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

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 in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where 2 PENNY CRESS GARDENS lies on this distribution: 42% of detached 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.