Flat 1, 24
Flat 1, 24
Description & Estimates
Flat 1, 24, Bower Place, Maidstone is recorded publicly as a period leasehold apartment across 387 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a garden.
Our estimate of the sale value of Flat 1, 24, Bower Place, Maidstone is £95,423 and its rental estimate is £597 per month, given the available information and assuming reasonable condition.
24, Bower Place is a residential building on Bower Place, Maidstone, ME16 and falls within the ME16 postal district and the borough of Maidstone.
Our Data Sources
Flat 1, 24, Bower Place, Maidstone has 21 entries in the Land Registry , most recently in May 2007 and a single entry in the EPC database dated February 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 1, 24, Bower Place, Maidstone, we estimate a market value of £100,194 and a rental value of £627 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £88,743 and £556 per month respectively.
Recent Market Change
Over the last year, Flat 1, 24, Bower Place, Maidstone has seen its estimated sale value grow by £1,741 (1.8%) and its estimated rental value climb by £14 per month (2.4%). This results in an estimated gross rental yield of 7.5%.
Energy Efficiency
Flat 1, 24, Bower Place, Maidstone has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Feb 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 1, 24, Bower Place, Maidstone completed on 4th May 2007 at £87,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 57.2% over the period since May 2007.
- Sold May 2007£87,000
- Sold Mar 2004£61,995
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to Flat 1, 24, Bower Place, Maidstone have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th August 2020, was Flat 1, 28, Bower Place, Maidstone, ME16 8BH, a leasehold flat which sold for £97,000.
Read more about house prices in ME16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 71 addresses on Bower Place, Maidstone, ME16, Flat 1, 24, Bower Place, Maidstone comes out as the 50th largest and the 52nd most expensive in our analysis of the public data.
It is also £255k less expensive than the average property across the ME16 district.
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Schools Nearby
- 100mMaidstone, St Michael's Church of England Junior School
- 100mSt Michael's Church of England Infant School Maidstone
- 600mArchbishop Courtenay Primary School
- 700mSt Augustine Academy
- 800mOakwood Park Grammar School
- 1.0kmSt Simon Stock Catholic School
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Public Transport Nearby
From Flat 1, 24, Bower Place, Maidstone, the nearest station is Maidstone West, 500 metres away.
- 500mMaidstone West
- 1.0kmMaidstone Barracks
- 1.3kmMaidstone East
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
