2, PETREL CLOSE, HERNE BAY, CT6 6NT - £356,000

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.

2 PETREL CLOSE is a midsized extended detached house of 93m², built sometime between 2003 and 2006, which could now be worth an estimated £395,594. It was last sold for £356,000 in January 2021, which was around 31% below the average January 2021 detached price in the Canterbury local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

2 PETREL CLOSE Sold Prices

Land registry data shows five sales for 2 PETREL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the five 2 PETREL 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
2021 12 JAN	£356,000	£513,398	31% below HPI
2017 12 SEP	£348,000	£466,790	25% below HPI
2010 23 JUL	£230,000	£313,449	27% below HPI
2007 7 SEP	£239,995	£325,847	26% below HPI
2003 11 APR	£157,995	£227,116	30% below HPI

2 PETREL 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 five 2 PETREL CLOSE sales between April 2003 and January 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 September 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 2 PETREL CLOSE be worth now?

2 PETREL CLOSE might now be worth an estimated £395,594.

This is based on house price inflation of 11.1%, between January 2021 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.1% inflationary increase is applied to the most recent sale price for 2 PETREL CLOSE of £356,000 on 12th January 2021. For the value to have increased from £356,000 to £395,594 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 PETREL CLOSE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The January 2021 sale price of £356,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PETREL CLOSE has not materially changed since January 2021.

How Large is 2 PETREL CLOSE?

2 PETREL CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% of detached houses houses in Herne Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Herne Bay, and where 2 PETREL CLOSE lies on this distribution: 48% of detached houses houses are smaller than 2 PETREL CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

2 PETREL CLOSE: Plot and Title Map

2 PETREL CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 2 PETREL 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 PETREL 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 PETREL CLOSE?

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