116, MILL LANE, HERNE BAY, CT6 7JJ - £325,000

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

116 MILL LANE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £325,000 in February 2021, which was around 31% below the average February 2021 detached price in the Canterbury local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

116 MILL LANE Sold Prices

Land registry data shows three sales for 116 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the three 116 MILL LANE 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 15 FEB	£325,000	£470,860	31% below HPI
2018 16 MAR	£292,000	£448,565	35% below HPI
2002 31 JAN	£116,000	£174,444	34% below HPI

116 MILL LANE 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 three 116 MILL LANE sales between January 2002 and February 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 March 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2021 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 116 MILL LANE?

116 MILL LANE is 72m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 20% of detached houses in Herne, based on EPC data. The below chart shows the distribution of detached houses by size in Herne, and where 116 MILL LANE lies on this distribution: 12% of detached houses are smaller than 116 MILL LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Herne.

116 MILL LANE: Plot and Title Map

116 MILL LANE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 116 MILL LANE, 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 116 MILL LANE). 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 116 MILL LANE?

116 MILL LANE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 116 on MILL LANE.