8, PARK WAY, MAIDSTONE, ME15 7DL - £575,000

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

8 PARK WAY is a midsized detached house of 123m², built sometime between 1930 and 1949. It was last sold for £575,000 in September 2023, which was around 3% above the average September 2023 detached price in the Maidstone local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

8 PARK WAY Sold Prices

Land registry data shows two sales for 8 PARK WAY 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 8 PARK WAY 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
2023 8 SEP	£575,000	£555,981	3% above HPI
2009 10 DEC	£320,000	£316,870	1% above HPI

8 PARK WAY 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 8 PARK WAY sales from December 2009 and September 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 December 2009 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2023 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 8 PARK WAY?

8 PARK WAY is 123m² according to the EPC inspection conducted in April 2022. This puts it in the largest 50% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where 8 PARK WAY lies on this distribution: 54% of detached houses are smaller than 8 PARK WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

8 PARK WAY: Plot and Title Map

8 PARK WAY sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 8 PARK WAY, 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 8 PARK WAY). 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 8 PARK WAY?

8 PARK WAY is located in MAIDSTONE, in the ME15 postcode district. The below map shows the position of No. 8 on PARK WAY.