PEAR TREE COTTAGE, NEW BARNS ROAD, PENENDEN HEATH, MAIDSTONE, ME14 2EH - £340,000

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

PEAR TREE COTTAGE is a very small detached house of 89m², built sometime between 2003 and 2006. It was last sold for £340,000 in March 2020, which was around 29% below the average March 2020 detached price in the Maidstone local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

PEAR TREE COTTAGE Sold Prices

Land registry data shows two sales for PEAR TREE COTTAGE 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 PEAR TREE COTTAGE 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
2020 5 MAR	£340,000	£477,159	29% below HPI
2006 15 NOV	£249,995	£324,410	23% below HPI

PEAR TREE COTTAGE 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 PEAR TREE COTTAGE sales from November 2006 and March 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 November 2006 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is PEAR TREE COTTAGE?

PEAR TREE COTTAGE is 89m² according to the EPC inspection conducted in October 2019. 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 PEAR TREE COTTAGE lies on this distribution: 18% of detached houses are smaller than PEAR TREE COTTAGE, and 82% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

PEAR TREE COTTAGE: Plot and Title Map

PEAR TREE COTTAGE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of PEAR TREE COTTAGE, 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 PEAR TREE COTTAGE). 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 PEAR TREE COTTAGE?

PEAR TREE COTTAGE is located on NEW BARNS ROAD in PENENDEN HEATH, in the ME14 postcode district. The below map shows the position of PEAR TREE COTTAGE on NEW BARNS ROAD.