3, MELROSE CLOSE, MAIDSTONE, ME15 6BD - £367,500

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.

3 MELROSE CLOSE is a small detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £431,767. It was last sold for £367,500 in January 2018, which was around 32% below the average January 2018 detached price in the Maidstone local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

3 MELROSE CLOSE Sold Prices

Land registry data shows three sales for 3 MELROSE 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 3 MELROSE 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
2018 25 JAN	£367,500	£540,413	32% below HPI
2015 27 NOV	£340,000	£471,583	28% below HPI
2001 21 SEP	£174,000	£229,877	24% below HPI

3 MELROSE 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 3 MELROSE CLOSE sales between September 2001 and January 2018 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 November 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 3 MELROSE CLOSE be worth now?

3 MELROSE CLOSE might now be worth an estimated £431,767.

This is based on house price inflation of 17.5%, between January 2018 and February 2025, 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 17.5% inflationary increase is applied to the most recent sale price for 3 MELROSE CLOSE of £367,500 on 25th January 2018. For the value to have increased from £367,500 to £431,767 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 MELROSE CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The January 2018 sale price of £367,500 represented a fair market value for the property.
• The size, condition, and specification of 3 MELROSE CLOSE has not materially changed since January 2018.

How Large is 3 MELROSE CLOSE?

3 MELROSE CLOSE is 110m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 40% 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 3 MELROSE CLOSE lies on this distribution: 38% of detached houses houses are smaller than 3 MELROSE CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

3 MELROSE CLOSE: Plot and Title Map

3 MELROSE CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 3 MELROSE 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 3 MELROSE 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 3 MELROSE CLOSE?

3 MELROSE CLOSE is located in MAIDSTONE, in the ME15 postcode district. The below map shows the position of No. 3 on MELROSE CLOSE.