38, REEDMACE CLOSE, ASHFORD, TN23 5GE - £290,000

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

38 REEDMACE CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £290,000 in June 2023, which was around 47% below the average June 2023 detached price in the Ashford local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

38 REEDMACE CLOSE Sold Prices

Land registry data shows two sales for 38 REEDMACE 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 Ashford local authority area for the corresponding sale date. Both of the two 38 REEDMACE 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
2023 7 JUN	£290,000	£546,862	47% below HPI
1997 18 JUL	£79,995	£115,791	31% below HPI

38 REEDMACE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashford local authority area over time, sourced from the HPI. The two 38 REEDMACE CLOSE sales from July 1997 and June 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 1997 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2023 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 38 REEDMACE CLOSE?

38 REEDMACE CLOSE is 72m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses in Ashford, based on EPC data. The below chart shows the distribution of detached houses by size in Ashford, and where 38 REEDMACE CLOSE lies on this distribution: 6% of detached houses are smaller than 38 REEDMACE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Ashford.

38 REEDMACE CLOSE: Plot and Title Map

38 REEDMACE CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 38 REEDMACE 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 38 REEDMACE 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 38 REEDMACE CLOSE?

38 REEDMACE CLOSE is located in ASHFORD, in the TN23 postcode district. The below map shows the position of No. 38 on REEDMACE CLOSE.