THE COTTAGE, OAKWOOD PARK, MAIDSTONE, ME16 8AE - £378,872

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

THE COTTAGE is a large extended detached house of 132m², built sometime before 1900. It was last sold for £378,872 in August 2016, which was around 16% below the average August 2016 detached price in the Maidstone local authority area. The most recent EPC inspection was December 2023, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Maidstone local authority area for the corresponding sale date. Two of the three THE COTTAGE sales were for below the average price, whilst one was 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
2016 16 AUG	£378,872	£453,397	16% below HPI
2004 11 JUN	£307,490	£286,030	8% above HPI
2003 21 MAY	£150,000	£271,413	45% below HPI

THE 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 three THE COTTAGE sales between May 2003 and August 2016 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 2004 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the August 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 132m², which includes one extension, according to the EPC inspection conducted in December 2023. 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 THE COTTAGE lies on this distribution: 65% of detached houses are smaller than THE COTTAGE, and 34% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.199 of an acre, or 806m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on OAKWOOD PARK in MAIDSTONE, in the ME16 postcode district. The below map shows the position of THE COTTAGE on OAKWOOD PARK.