2, LANCHESTER CLOSE, HERNE BAY, CT6 8AH - £215,000

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

2 LANCHESTER CLOSE is a very small extended detached house of 69m², built sometime between 1930 and 1949. It was last sold for £215,000 in March 2024, which was around 56% below the average March 2024 detached price in the Canterbury local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

2 LANCHESTER CLOSE Sold Prices

Land registry data shows two sales for 2 LANCHESTER 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 2 LANCHESTER 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
2024 15 MAR	£215,000	£484,507	56% below HPI
1995 19 MAY	£35,500	£86,292	59% below HPI

2 LANCHESTER 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 2 LANCHESTER CLOSE sales from May 1995 and March 2024 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 1995 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the March 2024 sale, where it rises to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 2 LANCHESTER CLOSE?

2 LANCHESTER CLOSE is 69m², which includes one extension, according to the EPC inspection conducted in November 2023. 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 2 LANCHESTER CLOSE lies on this distribution: 17% of detached houses are smaller than 2 LANCHESTER CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

2 LANCHESTER CLOSE: Plot and Title Map

2 LANCHESTER CLOSE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 2 LANCHESTER 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 2 LANCHESTER 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 2 LANCHESTER CLOSE?

2 LANCHESTER CLOSE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 2 on LANCHESTER CLOSE.