59, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AN - £240,000

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.

59 PENNY CRESS ROAD is a very small terraced house of 73m², built sometime between 2003 and 2006, which could now be worth an estimated £280,486. It was last sold for £240,000 in November 2019, which was around 13% above the average November 2019 terraced price in the Swale local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

59 PENNY CRESS ROAD Sold Prices

Land registry data shows three sales for 59 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Swale local authority area for the corresponding sale date. All of the three 59 PENNY CRESS ROAD sales were for above 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
2019 5 NOV	£240,000	£212,656	13% above HPI
2019 28 JUN	£235,000	£207,335	13% above HPI
2003 30 JUN	£149,950	£105,666	42% above HPI

59 PENNY CRESS ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Swale local authority area over time, sourced from the HPI. The three 59 PENNY CRESS ROAD sales between June 2003 and November 2019 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 June 2019 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the November 2019 sale, which was also at 13% above the HPI.

What might 59 PENNY CRESS ROAD be worth now?

59 PENNY CRESS ROAD might now be worth an estimated £280,486.

This is based on house price inflation of 16.9%, between November 2019 and July 2025, for terraced 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 16.9% inflationary increase is applied to the most recent sale price for 59 PENNY CRESS ROAD of £240,000 on 5th November 2019. For the value to have increased from £240,000 to £280,486 over the six years and four months to July 2025, the following assumptions must hold true:

• The value of 59 PENNY CRESS ROAD has moved in line with the HPI for terraced houses in the Swale local authority area.
• The November 2019 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 59 PENNY CRESS ROAD has not materially changed since November 2019.

How Large is 59 PENNY CRESS ROAD?

59 PENNY CRESS ROAD is 73m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of terraced houses houses in Minster, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Minster, and where 59 PENNY CRESS ROAD lies on this distribution: 11% of terraced houses houses are smaller than 59 PENNY CRESS ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Minster.

59 PENNY CRESS ROAD: Plot and Title Map

59 PENNY CRESS ROAD sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of 59 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 59 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 59 PENNY CRESS ROAD?

59 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 59 on PENNY CRESS ROAD.