14, PETREL WAY, HAWKINGE, FOLKESTONE, CT18 7GZ - £450,000

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.

14 PETREL WAY is a small detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £510,364. It was last sold for £450,000 in February 2021, which was around 3% below the average February 2021 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

14 PETREL WAY Sold Prices

Land registry data shows three sales for 14 PETREL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. One of the three 14 PETREL WAY sales was for below the average price, whilst two were for above 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 FEB	£450,000	£465,394	3% below HPI
2012 23 MAY	£310,000	£287,868	8% above HPI
2002 31 OCT	£219,000	£204,059	7% above HPI

14 PETREL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The three 14 PETREL WAY sales between October 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 May 2012 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 14 PETREL WAY be worth now?

14 PETREL WAY might now be worth an estimated £510,364.

This is based on house price inflation of 13.4%, between February 2021 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.4% inflationary increase is applied to the most recent sale price for 14 PETREL WAY of £450,000 on 22nd February 2021. For the value to have increased from £450,000 to £510,364 over the four years to February 2025, the following assumptions must hold true:

• The value of 14 PETREL WAY has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The February 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 14 PETREL WAY has not materially changed since February 2021.

How Large is 14 PETREL WAY?

14 PETREL WAY is 103m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses houses in Hawkinge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hawkinge, and where 14 PETREL WAY lies on this distribution: 28% of detached houses houses are smaller than 14 PETREL WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Hawkinge.

14 PETREL WAY: Plot and Title Map

14 PETREL WAY sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 14 PETREL WAY, 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 PETREL WAY). 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 PETREL WAY?

14 PETREL WAY is located in HAWKINGE, in the CT18 postcode district. The below map shows the position of No. 14 on PETREL WAY.