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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FAIRACRES CLOSE is a very small detached house of 64m², built sometime between 1950 and 1966. It was last sold for £310,000 in February 2018, which was around 31% 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	£450,416	31% below HPI
2009 6 APR	£39,600	£263,685	85% 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 85% below the HPI. So the extrapolation line tracks at 85% below the HPI over time, until the February 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

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 in Herne Bay, based on EPC data. The below chart shows the distribution of detached houses by size in Herne Bay, and where 1 FAIRACRES CLOSE lies on this distribution: 12% of detached 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?