LUGANO, CRIPPLE STREET, MAIDSTONE, ME15 6BA - £494,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LUGANO is a very large extended detached house of 167m², built sometime between 1950 and 1966, which could now be worth an estimated £604,764. It was last sold for £494,000 in March 2017, which was around 3% below the average March 2017 detached price in the Maidstone local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

LUGANO Sold Prices

Land registry data shows two sales for LUGANO 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 LUGANO 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
2017 6 MAR	£494,000	£508,898	3% below HPI
2013 28 JUN	£224,000	£358,215	37% below HPI

LUGANO 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 LUGANO sales from June 2013 and March 2017 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 June 2013 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might LUGANO be worth now?

LUGANO might now be worth an estimated £604,764.

This is based on house price inflation of 22.4%, between March 2017 and March 2025, 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 22.4% inflationary increase is applied to the most recent sale price for LUGANO of £494,000 on 6th March 2017. For the value to have increased from £494,000 to £604,764 over the eight years to March 2025, the following assumptions must hold true:

• The value of LUGANO has moved in line with the HPI for detached houses in the Maidstone local authority area.
• The March 2017 sale price of £494,000 represented a fair market value for the property.
• The size, condition, and specification of LUGANO has not materially changed since March 2017.

How Large is LUGANO?

LUGANO is 167m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 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 LUGANO lies on this distribution: 86% of detached houses houses are smaller than LUGANO, and 14% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

LUGANO: Plot and Title Map

LUGANO sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of LUGANO, 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 LUGANO). 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 LUGANO?

LUGANO is located on CRIPPLE STREET in MAIDSTONE, in the ME15 postcode district. The below map shows the position of LUGANO on CRIPPLE STREET.