8, PETREL WAY, HAWKINGE, FOLKESTONE, CT18 7GZ - £439,950

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

8 PETREL WAY is a very large detached house of 176m², built sometime between 2003 and 2006. It was last sold for £439,950 in May 2016, which was around 20% above the average May 2016 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

8 PETREL WAY Sold Prices

Land registry data shows three sales for 8 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. All of the three 8 PETREL WAY 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
2016 23 MAY	£439,950	£366,203	20% above HPI
2013 23 JUL	£367,000	£279,881	31% above HPI
2006 17 FEB	£362,000	£258,333	40% above HPI

8 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 8 PETREL WAY sales between February 2006 and May 2016 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 July 2013 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the May 2016 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 8 PETREL WAY?

8 PETREL WAY is 176m² according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of detached houses in Hawkinge, based on EPC data. The below chart shows the distribution of detached houses by size in Hawkinge, and where 8 PETREL WAY lies on this distribution: 89% of detached houses are smaller than 8 PETREL WAY, and 11% of houses are larger. Note that EPC data is not available for all properties in Hawkinge.

8 PETREL WAY: Plot and Title Map

8 PETREL WAY sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 8 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 8 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 8 PETREL WAY?

8 PETREL WAY is located in HAWKINGE, in the CT18 postcode district. The below map shows the position of No. 8 on PETREL WAY.