28, PETREL CLOSE, HERNE BAY, CT6 6NT - £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.

28 PETREL CLOSE is a large detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £515,759. It was last sold for £450,000 in July 2020, which was around 10% below the average July 2020 detached price in the Canterbury local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

28 PETREL CLOSE Sold Prices

Land registry data shows four sales for 28 PETREL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. The four 28 PETREL CLOSE sales were a mix of below the average price, and roughly equal to 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
2020 31 JUL	£450,000	£497,759	10% below HPI
2016 4 MAR	£372,500	£418,539	11% below HPI
2007 9 MAR	£295,000	£302,934	3% below HPI
2003 3 APR	£225,995	£227,116	Close to HPI

28 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 four 28 PETREL CLOSE sales between April 2003 and July 2020 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 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 28 PETREL CLOSE be worth now?

28 PETREL CLOSE might now be worth an estimated £515,759.

This is based on house price inflation of 14.6%, between July 2020 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 14.6% inflationary increase is applied to the most recent sale price for 28 PETREL CLOSE of £450,000 on 31st July 2020. For the value to have increased from £450,000 to £515,759 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 28 PETREL CLOSE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The July 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 28 PETREL CLOSE has not materially changed since July 2020.

How Large is 28 PETREL CLOSE?

28 PETREL CLOSE is 127m² according to the EPC inspection conducted in June 2014. This puts it in the largest 30% 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 28 PETREL CLOSE lies on this distribution: 75% of detached houses houses are smaller than 28 PETREL CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

28 PETREL CLOSE: Plot and Title Map

28 PETREL CLOSE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 28 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 28 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 28 PETREL CLOSE?

28 PETREL CLOSE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 28 on PETREL CLOSE.