1, THE TREES, PARK LANE, PRESTON, CANTERBURY, CT3 1DS - £473,910

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

1 THE TREES is a small detached house of 130m², built in 2021. It was last sold for £473,910 in November 2021, which was around 2% above the average November 2021 detached price in the Dover local authority area. The most recent EPC inspection was October 2021, where the current energy rating was B, and the potential energy rating was B.

1 THE TREES Sold Prices

Land registry data shows four sales for 1 THE TREES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dover local authority area for the corresponding sale date. Most of the four 1 THE TREES 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
2021 22 NOV	£473,910	£464,876	2% above HPI
2020 27 NOV	£255,000	£433,494	41% below HPI
2001 5 JAN	£89,000	£138,551	36% below HPI
1996 4 JUN	£54,000	£83,345	35% below HPI

1 THE TREES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dover local authority area over time, sourced from the HPI. The four 1 THE TREES sales between June 1996 and November 2021 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 November 2020 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 1 THE TREES?

1 THE TREES is 130m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 40% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 1 THE TREES lies on this distribution: 31% of detached houses are smaller than 1 THE TREES, and 67% of houses are larger. Note that EPC data is not available for all properties in Preston.

1 THE TREES: Plot and Title Map

1 THE TREES sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 1 THE TREES, 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 THE TREES). 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 THE TREES?

1 THE TREES is located on PARK LANE in PRESTON, in the CT3 postcode district. The below map shows the position of 1 THE TREES on PARK LANE.