5, LANCET LANE, MAIDSTONE, ME15 9RX - £710,000

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.

5 LANCET LANE is a very large extended detached house of 268m², built sometime between 1930 and 1949, which could now be worth an estimated £1,237,725. It was last sold for £710,000 in September 2011, which was around 95% above the average September 2011 detached price in the Maidstone local authority area. The most recent EPC inspection was June 2011, where the current energy rating was E, and the potential energy rating was D.

5 LANCET LANE Sold Prices

Land registry data shows two sales for 5 LANCET LANE 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 5 LANCET LANE sales were for above 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
2011 28 SEP	£710,000	£364,210	95% above HPI
1996 31 JAN	£240,000	£122,423	96% above HPI

5 LANCET LANE 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 5 LANCET LANE sales from January 1996 and September 2011 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 January 1996 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the September 2011 sale, where it falls to 95% above the HPI. The line then continues to track at 95% above the HPI.

What might 5 LANCET LANE be worth now?

5 LANCET LANE might now be worth an estimated £1,237,725.

This is based on house price inflation of 74.3%, between September 2011 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 74.3% inflationary increase is applied to the most recent sale price for 5 LANCET LANE of £710,000 on 28th September 2011. For the value to have increased from £710,000 to £1,237,725 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 LANCET LANE has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The September 2011 sale price of £710,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LANCET LANE has not materially changed since September 2011.

How Large is 5 LANCET LANE?

5 LANCET LANE is 268m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the largest 10% 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 5 LANCET LANE lies on this distribution: 99% of detached houses houses are smaller than 5 LANCET LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

5 LANCET LANE: Plot and Title Map

5 LANCET LANE sits on a plot of roughly 0.641 of an acre, or 2,595m². The below map shows the location of 5 LANCET LANE, 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 5 LANCET LANE). 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 5 LANCET LANE?

5 LANCET LANE is located in MAIDSTONE, in the ME15 postcode district. The below map shows the position of No. 5 on LANCET LANE.