CHERRY OAST, FRANKLIN DRIVE, WEAVERING, MAIDSTONE, ME14 5SY - £550,000

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

CHERRY OAST is a very small extended detached house of 83m², built sometime between 1991 and 1995. It was last sold for £550,000 in December 2020, which was around 3% above the average December 2020 detached price in the Maidstone local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

CHERRY OAST Sold Prices

Land registry data shows four sales for CHERRY OAST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Most of the four CHERRY OAST 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
2020 14 DEC	£550,000	£535,982	3% above HPI
2012 25 MAY	£355,000	£362,755	2% below HPI
2004 18 FEB	£350,000	£310,961	13% above HPI
1997 21 OCT	£150,000	£139,119	8% above HPI

CHERRY OAST 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 four CHERRY OAST sales between October 1997 and December 2020 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 May 2012 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might CHERRY OAST be worth now?

CHERRY OAST might now be worth an estimated £635,475.

This is based on house price inflation of 15.5%, between December 2020 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 15.5% inflationary increase is applied to the most recent sale price for CHERRY OAST of £550,000 on 14th December 2020. For the value to have increased from £550,000 to £635,475 over the four years to December 2024, the following assumptions must hold true:

• The value of CHERRY OAST has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The December 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY OAST has not materially changed since December 2020.

How Large is CHERRY OAST?

CHERRY OAST is 83m², which includes two extensions, according to the EPC inspection conducted in February 2011. This puts it in the smallest 20% 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 CHERRY OAST lies on this distribution: 11% of detached houses houses are smaller than CHERRY OAST, and 89% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

CHERRY OAST: Plot and Title Map

CHERRY OAST sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of CHERRY OAST, 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 CHERRY OAST). 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 CHERRY OAST?

CHERRY OAST is located on FRANKLIN DRIVE in WEAVERING, in the ME14 postcode district. The below map shows the position of CHERRY OAST on FRANKLIN DRIVE.