3, WATERMILL CLOSE, MAIDSTONE, ME16 0NE - £532,500

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

3 WATERMILL CLOSE is a very large extended detached house of 163m², built sometime between 1991 and 1995. It was last sold for £532,500 in December 2021, which was around 4% below the average December 2021 detached price in the Maidstone local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was C.

3 WATERMILL CLOSE Sold Prices

Land registry data shows two sales for 3 WATERMILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Both of the two 3 WATERMILL 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
2021 1 DEC	£532,500	£553,864	4% below HPI
2002 21 JUN	£200,000	£252,394	21% below HPI

3 WATERMILL 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 two 3 WATERMILL CLOSE sales from June 2002 and December 2021 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 June 2002 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2021 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 WATERMILL CLOSE be worth now?

3 WATERMILL CLOSE might now be worth an estimated £595,391.

This is based on house price inflation of 11.8%, between December 2021 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 11.8% inflationary increase is applied to the most recent sale price for 3 WATERMILL CLOSE of £532,500 on 1st December 2021. For the value to have increased from £532,500 to £595,391 over the three years to December 2024, the following assumptions must hold true:

• The value of 3 WATERMILL CLOSE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The December 2021 sale price of £532,500 represented a fair market value for the property.
• The size, condition, and specification of 3 WATERMILL CLOSE has not materially changed since December 2021.

How Large is 3 WATERMILL CLOSE?

3 WATERMILL CLOSE is 163m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 20% 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 WATERMILL CLOSE lies on this distribution: 84% of detached houses houses are smaller than 3 WATERMILL CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

3 WATERMILL CLOSE: Plot and Title Map

3 WATERMILL CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 3 WATERMILL 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 WATERMILL 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 WATERMILL CLOSE?

3 WATERMILL CLOSE is located in MAIDSTONE, in the ME16 postcode district. The below map shows the position of No. 3 on WATERMILL CLOSE.