THREE ACRES, GROVE GREEN LANE, WEAVERING, MAIDSTONE, ME14 5JW - £490,000

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

THREE ACRES is a very small extended detached house of 69m², built sometime between 1983 and 1990. It was last sold for £490,000 in August 2016, which was around 8% above the average August 2016 detached price in the Maidstone local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

THREE ACRES Sold Prices

Land registry data shows three sales for THREE ACRES 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. The three THREE ACRES sales were a mix of above the average price, and roughly equal to 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 2 AUG	£490,000	£453,397	8% above HPI
2004 7 JUL	£290,000	£289,046	Close to HPI
1997 7 MAR	£121,500	£115,516	5% above HPI

THREE ACRES 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 THREE ACRES sales between March 1997 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 July 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2016 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is THREE ACRES?

THREE ACRES is 69m², which includes two extensions, according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of detached houses in Maidstone, based on EPC data. The below chart shows the distribution of detached houses by size in Maidstone, and where THREE ACRES lies on this distribution: 4% of detached houses are smaller than THREE ACRES, and 96% of houses are larger. Note that EPC data is not available for all properties in Maidstone.

THREE ACRES: Plot and Title Map

THREE ACRES sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of THREE ACRES, 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 THREE ACRES). 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 THREE ACRES?

THREE ACRES is located on GROVE GREEN LANE in WEAVERING, in the ME14 postcode district. The below map shows the position of THREE ACRES on GROVE GREEN LANE.