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

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

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 14% 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. All 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	£483,231	14% above HPI
2012 25 MAY	£355,000	£327,053	9% above HPI
2004 18 FEB	£350,000	£280,356	25% above HPI
1997 21 OCT	£150,000	£125,427	20% 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 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the December 2020 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

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 in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where CHERRY OAST lies on this distribution: 11% of detached 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 0.110 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.