CHERRY TREES, VICARAGE LANE, ELHAM, CANTERBURY, CT4 6TX - £290,000

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

CHERRY TREES is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £290,000 in May 2009, which was around 16% above the average May 2009 detached price in the Folkestone and Hythe local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was E.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Folkestone and Hythe local authority area for the corresponding sale date. One of the two CHERRY TREES sales was for above the average price, whilst the other 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
2009 1 MAY	£290,000	£250,857	16% above HPI
2008 18 JAN	£270,000	£312,368	14% below HPI

CHERRY TREES 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 two CHERRY TREES sales from January 2008 and May 2009 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 January 2008 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2009 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 74m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 20% of detached houses in Elham, based on EPC data. The below chart shows the distribution of detached houses by size in Elham, and where CHERRY TREES lies on this distribution: 15% of detached houses are smaller than CHERRY TREES, and 85% of houses are larger. Note that EPC data is not available for all properties in Elham.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on VICARAGE LANE in ELHAM, in the CT4 postcode district. The below map shows the position of CHERRY TREES on VICARAGE LANE.