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

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 REED CLOSE is a midsized extended detached house of 114m², built sometime between 2003 and 2006. It was last sold for £393,000 in May 2015, which was around 19% 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	£486,518	19% below HPI
2006 11 DEC	£340,000	£377,161	10% below HPI
2003 13 AUG	£285,000	£320,481	11% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2015 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

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 in Lunsford, based on EPC data. The below chart shows the distribution of detached houses by size in Lunsford, and where 2 REED CLOSE lies on this distribution: 45% of detached houses are smaller than 2 REED CLOSE, and 54% 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.