77, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AN - £225,000

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.

77 PENNY CRESS ROAD is a very small terraced house of 59m², built sometime between 2003 and 2006, which could now be worth an estimated £248,231. It was last sold for £225,000 in December 2020, which was about the average December 2020 terraced price in the Swale local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was A.

77 PENNY CRESS ROAD Sold Prices

Land registry data shows four sales for 77 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Swale local authority area for the corresponding sale date. The four 77 PENNY CRESS ROAD sales were a mix of roughly equal to the average price, above the average price, and 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	£225,000	£225,270	Close to HPI
2013 30 SEP	£139,250	£140,113	1% below HPI
2004 29 OCT	£137,000	£126,317	8% above HPI
2003 20 JUN	£108,950	£105,666	3% above HPI

77 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 four 77 PENNY CRESS ROAD sales between June 2003 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 September 2013 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 77 PENNY CRESS ROAD be worth now?

77 PENNY CRESS ROAD might now be worth an estimated £248,231.

This is based on house price inflation of 10.3%, between December 2020 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 10.3% inflationary increase is applied to the most recent sale price for 77 PENNY CRESS ROAD of £225,000 on 18th December 2020. For the value to have increased from £225,000 to £248,231 over the five years and five months to July 2025, the following assumptions must hold true:

• The value of 77 PENNY CRESS ROAD has moved in line with the HPI for terraced houses in the Swale local authority area.
• The December 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 77 PENNY CRESS ROAD has not materially changed since December 2020.

How Large is 77 PENNY CRESS ROAD?

77 PENNY CRESS ROAD is 59m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% 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 77 PENNY CRESS ROAD lies on this distribution: 3% of terraced houses houses are smaller than 77 PENNY CRESS ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Minster.

77 PENNY CRESS ROAD: Plot and Title Map

77 PENNY CRESS ROAD sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 77 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 77 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 77 PENNY CRESS ROAD?

77 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 77 on PENNY CRESS ROAD.