Maidstone

Area Guide For Maidstone

Maidstone is the county town of Kent, England, 32 miles (51 km) south-east of London. The River Medway runs through the centre of the town linking Maidstone to Rochester and the Thames Estuary. Historically, the river was a source and route for much of the town's trade. Maidstone was the centre of the agricultural county of Kent, known as the Garden of England. There is evidence of a settlement in the area dating back to beyond the Stone Age. The town is within the borough of Maidstone. In 2001, the town had a population of 75,070. Maidstone's economy has changed over the years from being involved in heavy industry, to more light and service industries. Saxon charters (c975) show the first recorded instances of the town's name; de maeides stana and maegdan stane with the possible meaning of either stone of the maidens, or possibly stone of the people. The latter meaning may refer to the nearby megalith around which gatherings would take place. The name evolved through medestan/meddestane as reported in the Domesday Book until, in 1610, the modern name appeared. It has also been suggested that the name derives from stones set into the river to allow clothes to be rinsed in the

 
 

Maidstone Map

Estimated Price: £293,276
Average Asking Price: £385,250
Price change in last one year: £21,890
Average Price Paid: £232,857
Average Rent Rates: £1,566

 
 

Property Prices Breakdown in Maidstone

Average Price for property in Maidstone is around £293,276 which varies based on type of property you are interested in and ranges from £464,384 for detached house to around £277,943 for semi-detached. Similarly terraced house is around £215,210 and a flat is worth £167,143. Values have been changing and have risen £2,955 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,660 in last 6 months, £21,890 in last 1 year, £37,142 in last 2 years, £44,498 in last 3 years, £38,811 in last 4 years and £43,592 in last 5 years.

Currently average asking price of a property in Maidstone is around £385,250 based on approximately 2,146 properties for sale. Same is the case with rental options based on 202 properties up for rent, average asking rent is around £1,566 per month.

Estimated property value in Maidstone is £293,276. Average asking price is £385,250 while average price paid is £247,465 which is up by £21,890 and Avg. asking rent £1,566.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Maidstone area. In last 1 year alone average price buyer paid is around £247,465 based on approximately 2,146 sales in Maidstone area alone. If you compare it to last 3 years sales of 6,149 properties where buyers paid around £235,244. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £232,857 for 9,643 and average amount paid for purchase of approx. 13,158 properties sold in last 7 years comes to about £228,281 per sale.

 
 

Properties For Sale in Maidstone

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £148,383, £214,424 for a 2 bedroom house, £299,960 for a 3 bedroom house, £482,883 for a 4 bedroom house and £786,845 for a 5 bedroom house. For a flat similarly the prices varies from £123,143 for a single bedroom to £172,953 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £301,250. To sum up the asking prices for properties in Maidstone it comes to around average £126,867 for 1 bedroom property, £189,116 for 2 bedroom, £300,018 for 3 bedroom, £482,883 for 4 bedroom and £786,845 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £468 for 1 bedroom to £849 for 2 bedrooms, £1,156 for 3 bedrooms, £1,460 for 4 bedrooms and £2,830 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £637. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £768. You should be generally be expecting around average £577 rent per month for single bedroom property, £801 for 2 bedroom, £1,156 for 3 bedroom, £1,460 for 4 bedroom and approximately £2,830 for a 5 bedroom property in Maidstone area.

Popular Houses in Maidstone

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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