MERIDIAN, ORCHARD DRIVE, WEAVERING, MAIDSTONE, ME14 5JG - £475,000

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

MERIDIAN is a large detached house of 133m², built sometime between 1967 and 1975. It was last sold for £475,000 in December 2015, which was around 12% above the average December 2015 detached price in the Maidstone local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

MERIDIAN Sold Prices

Land registry data shows two sales for MERIDIAN 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. One of the two MERIDIAN sales was for above the average price, whilst the other was 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
2015 18 DEC	£475,000	£424,273	12% above HPI
2012 30 JAN	£235,000	£322,969	27% below HPI

MERIDIAN 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 MERIDIAN sales from January 2012 and December 2015 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 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2015 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is MERIDIAN?

MERIDIAN is 133m² according to the EPC inspection conducted in October 2015. This puts it in the largest 40% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where MERIDIAN lies on this distribution: 66% of detached houses are smaller than MERIDIAN, and 33% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

MERIDIAN: Plot and Title Map

MERIDIAN sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of MERIDIAN, 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 MERIDIAN). 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 MERIDIAN?

MERIDIAN is located on ORCHARD DRIVE in WEAVERING, in the ME14 postcode district. The below map shows the position of MERIDIAN on ORCHARD DRIVE.