56, OAKWOOD ROAD, MAIDSTONE, ME16 8AB - £620,000

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

56 OAKWOOD ROAD is a very large detached house of 155m², built sometime between 1950 and 1966. It was last sold for £620,000 in November 2022, which was around 9% above the average November 2022 detached price in the Maidstone local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

56 OAKWOOD ROAD Sold Prices

Land registry data shows two sales for 56 OAKWOOD ROAD 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. One of the two 56 OAKWOOD ROAD sales was for above the average price, whilst the other was 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
2022 22 NOV	£620,000	£566,833	9% above HPI
2014 24 OCT	£350,000	£377,184	7% below HPI

56 OAKWOOD ROAD 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 56 OAKWOOD ROAD sales from October 2014 and November 2022 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 October 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 56 OAKWOOD ROAD?

56 OAKWOOD ROAD is 155m² according to the EPC inspection conducted in February 2022. This puts it in the largest 20% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where 56 OAKWOOD ROAD lies on this distribution: 81% of detached houses are smaller than 56 OAKWOOD ROAD, and 19% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

56 OAKWOOD ROAD: Plot and Title Map

56 OAKWOOD ROAD sits on a plot of roughly 0.189 of an acre, or 766m². The below map shows the location of 56 OAKWOOD ROAD, 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 56 OAKWOOD ROAD). 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 56 OAKWOOD ROAD?

56 OAKWOOD ROAD is located in MAIDSTONE, in the ME16 postcode district. The below map shows the position of No. 56 on OAKWOOD ROAD.