14, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AW - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

14 PENNY CRESS ROAD is a small extended detached house of 97m², built sometime between 1996 and 2002. It was last sold for £230,000 in December 2007, which was around 16% below the average December 2007 detached price in the Swale local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

14 PENNY CRESS ROAD Sold Prices

Land registry data shows two sales for 14 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 14 PENNY CRESS ROAD 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
2007 7 DEC	£230,000	£274,679	16% below HPI
2000 29 SEP	£126,950	£133,903	5% below HPI

14 PENNY CRESS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The two 14 PENNY CRESS ROAD sales from September 2000 and December 2007 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 September 2000 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2007 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 14 PENNY CRESS ROAD be worth now?

14 PENNY CRESS ROAD might now be worth an estimated £400,962.

This is based on house price inflation of 74.3%, between December 2007 and December 2024, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.3% inflationary increase is applied to the most recent sale price for 14 PENNY CRESS ROAD of £230,000 on 7th December 2007. For the value to have increased from £230,000 to £400,962 over the seventeen years to December 2024, the following assumptions must hold true:

• The value of 14 PENNY CRESS ROAD has moved in line with the HPI for detached houses in the Swale local authority area.
• The December 2007 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 14 PENNY CRESS ROAD has not materially changed since December 2007.

How Large is 14 PENNY CRESS ROAD?

14 PENNY CRESS ROAD is 97m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses houses in Minster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minster, and where 14 PENNY CRESS ROAD lies on this distribution: 34% of detached houses houses are smaller than 14 PENNY CRESS ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Minster.

14 PENNY CRESS ROAD: Plot and Title Map

14 PENNY CRESS ROAD sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 14 PENNY CRESS ROAD, 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 14 PENNY CRESS ROAD). 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 14 PENNY CRESS ROAD?

14 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 14 on PENNY CRESS ROAD.