3, PETREL CLOSE, HERNE BAY, CT6 6NT - £420,000

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

3 PETREL CLOSE is a midsized detached house of 92m², built sometime between 2003 and 2006. It was last sold for £420,000 in November 2021, which was around 15% below the average November 2021 detached price in the Canterbury local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

3 PETREL CLOSE Sold Prices

Land registry data shows three sales for 3 PETREL 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 3 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 25 NOV	£420,000	£495,025	15% below HPI
2013 12 DEC	£230,000	£320,425	28% below HPI
2003 17 JUN	£172,995	£218,872	21% below HPI

3 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 three 3 PETREL CLOSE sales between June 2003 and November 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 December 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 3 PETREL CLOSE?

3 PETREL CLOSE is 92m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 50% 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 3 PETREL CLOSE lies on this distribution: 46% of detached houses are smaller than 3 PETREL CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

3 PETREL CLOSE: Plot and Title Map

3 PETREL CLOSE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 3 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 3 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 3 PETREL CLOSE?

3 PETREL CLOSE is located in HERNE BAY, in the CT6 postcode district. The below map shows the position of No. 3 on PETREL CLOSE.