1, FAIRACRES CLOSE, HERNE BAY, CT6 6LL - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FAIRACRES CLOSE is a very small detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £372,165. It was last sold for £310,000 in February 2018, which was around 35% below the average February 2018 detached price in the Canterbury local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

1 FAIRACRES CLOSE Sold Prices

Land registry data shows two sales for 1 FAIRACRES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. Both of the two 1 FAIRACRES CLOSE 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
2018 9 FEB	£310,000	£475,204	35% below HPI
2009 6 APR	£39,600	£278,196	86% below HPI

1 FAIRACRES CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The two 1 FAIRACRES CLOSE sales from April 2009 and February 2018 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 April 2009 sale was for 86% below the HPI. So the extrapolation line tracks at 86% below the HPI over time, until the February 2018 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 1 FAIRACRES CLOSE be worth now?

1 FAIRACRES CLOSE might now be worth an estimated £372,165.

This is based on house price inflation of 20.1%, between February 2018 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.1% inflationary increase is applied to the most recent sale price for 1 FAIRACRES CLOSE of £310,000 on 9th February 2018. For the value to have increased from £310,000 to £372,165 over the seven years to February 2025, the following assumptions must hold true:

• The value of 1 FAIRACRES CLOSE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The February 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FAIRACRES CLOSE has not materially changed since February 2018.

How Large is 1 FAIRACRES CLOSE?

1 FAIRACRES CLOSE is 64m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses houses in Herne Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Herne Bay, and where 1 FAIRACRES CLOSE lies on this distribution: 12% of detached houses houses are smaller than 1 FAIRACRES CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

1 FAIRACRES CLOSE: Plot and Title Map

1 FAIRACRES CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 1 FAIRACRES CLOSE, 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 1 FAIRACRES CLOSE). 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 1 FAIRACRES CLOSE?