2A, FAIRACRES CLOSE, HERNE BAY, CT6 6LL - £274,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2A FAIRACRES CLOSE is a small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £274,000 in February 2016, which was around 30% below the average February 2016 detached price in the Canterbury local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

2A FAIRACRES CLOSE Sold Prices

Land registry data shows three sales for 2A FAIRACRES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the three 2A FAIRACRES 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
2016 5 FEB	£274,000	£391,811	30% below HPI
2013 15 FEB	£212,500	£302,519	30% below HPI
2008 17 NOV	£240,000	£278,160	14% below HPI

2A FAIRACRES 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 three 2A FAIRACRES CLOSE sales between November 2008 and February 2016 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 February 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2016 sale, which was also at 30% below the HPI.

How Large is 2A FAIRACRES CLOSE?

2A FAIRACRES CLOSE is 83m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% 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 2A FAIRACRES CLOSE lies on this distribution: 35% of detached houses are smaller than 2A FAIRACRES CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

2A FAIRACRES CLOSE: Plot and Title Map

2A FAIRACRES CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 2A FAIRACRES 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 2A FAIRACRES 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 2A FAIRACRES CLOSE?

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