2, REED CLOSE, LARKFIELD, AYLESFORD, ME20 6FX - £393,000

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 REED CLOSE is a midsized extended detached house of 114m², built sometime between 2003 and 2006, which could now be worth an estimated £573,880. It was last sold for £393,000 in May 2015, which was around 17% below the average May 2015 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

2 REED CLOSE Sold Prices

Land registry data shows three sales for 2 REED 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 Tonbridge and Malling local authority area for the corresponding sale date. All of the three 2 REED 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
2015 15 MAY	£393,000	£471,413	17% below HPI
2006 11 DEC	£340,000	£365,451	7% below HPI
2003 13 AUG	£285,000	£310,531	8% below HPI

2 REED CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The three 2 REED CLOSE sales between August 2003 and May 2015 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2015 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 REED CLOSE be worth now?

2 REED CLOSE might now be worth an estimated £573,880.

This is based on house price inflation of 46%, between May 2015 and February 2025, for detached houses, in the Tonbridge and Malling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46% inflationary increase is applied to the most recent sale price for 2 REED CLOSE of £393,000 on 15th May 2015. For the value to have increased from £393,000 to £573,880 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 2 REED CLOSE has moved in line with the HPI for detached houses in the Tonbridge and Malling local authority area.
• The May 2015 sale price of £393,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REED CLOSE has not materially changed since May 2015.

How Large is 2 REED CLOSE?

2 REED CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 50% of detached houses houses in Lunsford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lunsford, and where 2 REED CLOSE lies on this distribution: 46% of detached houses houses are smaller than 2 REED CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Lunsford.

2 REED CLOSE: Plot and Title Map

2 REED CLOSE sits on a plot of roughly 1.0 acres, or 4,055m². The below map shows the location of 2 REED 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 REED 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 REED CLOSE?

2 REED CLOSE is located in LARKFIELD, in the ME20 postcode district. The below map shows the position of No. 2 on REED CLOSE.