FORGE MEADOW, BUSBRIDGE ROAD, LOOSE, MAIDSTONE, ME15 0ER - £475,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FORGE MEADOW is a very small detached house of 92m², built sometime between 1950 and 1966. It was last sold for £475,000 in December 2022, which was around 17% below the average December 2022 detached price in the Maidstone local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was C.

FORGE MEADOW Sold Prices

Land registry data shows two sales for FORGE MEADOW 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 FORGE MEADOW 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
2022 19 DEC	£475,000	£572,115	17% below HPI
2007 5 JAN	£317,500	£324,510	2% below HPI

FORGE MEADOW 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 FORGE MEADOW sales from January 2007 and December 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 January 2007 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is FORGE MEADOW?

FORGE MEADOW is 92m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% of detached houses in Loose, based on EPC data. The below chart shows the distribution of detached houses by size in Loose, and where FORGE MEADOW lies on this distribution: 19% of detached houses are smaller than FORGE MEADOW, and 81% of houses are larger. Note that EPC data is not available for all properties in Loose.

FORGE MEADOW: Plot and Title Map

FORGE MEADOW sits on a plot of roughly 0.207 of an acre, or 838m². The below map shows the location of FORGE MEADOW, 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 FORGE MEADOW). 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 FORGE MEADOW?

FORGE MEADOW is located on BUSBRIDGE ROAD in LOOSE, in the ME15 postcode district. The below map shows the position of FORGE MEADOW on BUSBRIDGE ROAD.