47, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AN - £210,000

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.

47 PENNY CRESS ROAD is a midsized detached house of 116m², built sometime between 1996 and 2002, which could now be worth an estimated £400,650. It was last sold for £210,000 in October 2012, which was around 16% below the average October 2012 detached price in the Swale local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was C.

47 PENNY CRESS ROAD Sold Prices

Land registry data shows three sales for 47 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 47 PENNY CRESS ROAD 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
2012 26 OCT	£210,000	£249,429	16% below HPI
2007 19 JAN	£235,000	£258,790	9% below HPI
2005 5 AUG	£224,000	£245,198	9% below HPI

47 PENNY CRESS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The three 47 PENNY CRESS ROAD sales between August 2005 and October 2012 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 January 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2012 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 47 PENNY CRESS ROAD be worth now?

47 PENNY CRESS ROAD might now be worth an estimated £400,650.

This is based on house price inflation of 90.8%, between October 2012 and March 2025, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 90.8% inflationary increase is applied to the most recent sale price for 47 PENNY CRESS ROAD of £210,000 on 26th October 2012. For the value to have increased from £210,000 to £400,650 over the thirteen years and seven months to March 2025, the following assumptions must hold true:

• The value of 47 PENNY CRESS ROAD has moved in line with the HPI for detached houses in the Swale local authority area.
• The October 2012 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 47 PENNY CRESS ROAD has not materially changed since October 2012.

How Large is 47 PENNY CRESS ROAD?

47 PENNY CRESS ROAD is 116m² according to the EPC inspection conducted in October 2014. This puts it in the largest 50% of detached houses houses in Minster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minster, and where 47 PENNY CRESS ROAD lies on this distribution: 55% of detached houses houses are smaller than 47 PENNY CRESS ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Minster.

47 PENNY CRESS ROAD: Plot and Title Map

47 PENNY CRESS ROAD sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 47 PENNY CRESS ROAD, 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 47 PENNY CRESS ROAD). 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 47 PENNY CRESS ROAD?

47 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 47 on PENNY CRESS ROAD.