53, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AN - £355,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

53 PENNY CRESS ROAD is a large detached house of 128m², built sometime between 2003 and 2006. It was last sold for £355,000 in December 2020, which was around 18% below the average December 2020 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 B.

53 PENNY CRESS ROAD Sold Prices

Land registry data shows four sales for 53 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Most of the four 53 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
2020 18 DEC	£355,000	£433,014	18% below HPI
2015 6 OCT	£290,000	£319,060	9% below HPI
2006 26 JUN	£249,995	£244,666	2% above HPI
2002 19 DEC	£189,950	£197,491	4% below HPI

53 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 four 53 PENNY CRESS ROAD sales between December 2002 and December 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 October 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 53 PENNY CRESS ROAD?

53 PENNY CRESS ROAD is 128m² according to the EPC inspection conducted in October 2014. This puts it in the largest 40% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 53 PENNY CRESS ROAD lies on this distribution: 64% of detached houses are smaller than 53 PENNY CRESS ROAD, and 36% of houses are larger. Note that EPC data is not available for all properties in Minster.

53 PENNY CRESS ROAD: Plot and Title Map

53 PENNY CRESS ROAD sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 53 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 53 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 53 PENNY CRESS ROAD?

53 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 53 on PENNY CRESS ROAD.