7, PETREL WAY, HAWKINGE, FOLKESTONE, CT18 7GY - £400,000

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.

7 PETREL WAY is a very large detached house of 194m², built sometime between 2003 and 2006, which could now be worth an estimated £595,080. It was last sold for £400,000 in October 2015, which was around 13% above the average October 2015 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

7 PETREL WAY Sold Prices

Land registry data shows three sales for 7 PETREL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. Two of the three 7 PETREL WAY sales were for above the average price, whilst one was 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
2015 16 OCT	£400,000	£354,791	13% above HPI
2009 12 NOV	£285,000	£287,571	1% below HPI
2006 2 JAN	£332,000	£266,251	25% above HPI

7 PETREL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Folkestone and Hythe local authority area over time, sourced from the HPI. The three 7 PETREL WAY sales between January 2006 and October 2015 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 November 2009 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the October 2015 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 7 PETREL WAY be worth now?

7 PETREL WAY might now be worth an estimated £595,080.

This is based on house price inflation of 48.8%, between October 2015 and February 2025, for detached houses, in the Folkestone and Hythe local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.8% inflationary increase is applied to the most recent sale price for 7 PETREL WAY of £400,000 on 16th October 2015. For the value to have increased from £400,000 to £595,080 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 PETREL WAY has moved in line with the HPI for detached houses in the Folkestone and Hythe local authority area.
• The October 2015 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PETREL WAY has not materially changed since October 2015.

How Large is 7 PETREL WAY?

7 PETREL WAY is 194m² according to the EPC inspection conducted in October 2009. This puts it in the largest 10% of detached houses houses in Hawkinge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hawkinge, and where 7 PETREL WAY lies on this distribution: 93% of detached houses houses are smaller than 7 PETREL WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Hawkinge.

7 PETREL WAY: Plot and Title Map

7 PETREL WAY sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 7 PETREL WAY, 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 7 PETREL WAY). 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 7 PETREL WAY?

7 PETREL WAY is located in HAWKINGE, in the CT18 postcode district. The below map shows the position of No. 7 on PETREL WAY.