5, THE LAXEY, TOVIL, MAIDSTONE, ME15 6FX - £345,000

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

5 THE LAXEY is a midsized extended detached house of 118m², built sometime between 1983 and 1990, which could now be worth an estimated £419,831. It was last sold for £345,000 in March 2017, which was around 32% below the average March 2017 detached price in the Maidstone local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

5 THE LAXEY Sold Prices

Land registry data shows three sales for 5 THE LAXEY 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 5 THE LAXEY 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
2017 3 MAR	£345,000	£508,898	32% below HPI
2001 29 NOV	£141,500	£228,058	38% below HPI
1996 28 JUN	£77,500	£117,658	34% below HPI

5 THE LAXEY 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 5 THE LAXEY sales between June 1996 and March 2017 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 2001 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2017 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 5 THE LAXEY be worth now?

5 THE LAXEY might now be worth an estimated £419,831.

This is based on house price inflation of 21.7%, between March 2017 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 21.7% inflationary increase is applied to the most recent sale price for 5 THE LAXEY of £345,000 on 3rd March 2017. For the value to have increased from £345,000 to £419,831 over the six years and three months to December 2024, the following assumptions must hold true:

• The value of 5 THE LAXEY has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The March 2017 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE LAXEY has not materially changed since March 2017.

How Large is 5 THE LAXEY?

5 THE LAXEY is 118m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% 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 THE LAXEY lies on this distribution: 48% of detached houses houses are smaller than 5 THE LAXEY, and 51% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

5 THE LAXEY: Plot and Title Map

5 THE LAXEY sits on a plot of roughly 0.224 of an acre, or 907m². The below map shows the location of 5 THE LAXEY, 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 THE LAXEY). 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 THE LAXEY?

5 THE LAXEY is located in TOVIL, in the ME15 postcode district. The below map shows the position of No. 5 on THE LAXEY.