PALACE GALLERY, MARKET PLACE, CHARING, ASHFORD, TN27 0LR - £151,800

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

PALACE GALLERY is a very small extended detached house of 48m², built sometime before 1900. It was last sold for £151,800 in June 2011, which was around 49% below the average June 2011 detached price in the Ashford local authority area. The most recent EPC inspection was March 2024, where the current energy rating was G, and the potential energy rating was D.

PALACE GALLERY Sold Prices

Land registry data shows three sales for PALACE GALLERY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ashford local authority area for the corresponding sale date. All of the three PALACE GALLERY sales were 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
2011 1 JUN	£151,800	£299,084	49% below HPI
2002 12 JUL	£114,000	£216,791	47% below HPI
1999 28 OCT	£62,500	£144,798	57% below HPI

PALACE GALLERY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ashford local authority area over time, sourced from the HPI. The three PALACE GALLERY sales between October 1999 and June 2011 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 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the June 2011 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is PALACE GALLERY?

PALACE GALLERY is 48m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 10% of detached houses in Charing, based on EPC data. The below chart shows the distribution of detached houses by size in Charing, and where PALACE GALLERY lies on this distribution: 1% of detached houses are smaller than PALACE GALLERY, and 99% of houses are larger. Note that EPC data is not available for all properties in Charing.

PALACE GALLERY: Plot and Title Map

PALACE GALLERY sits on a plot of roughly 0.008 of an acre, or 32m². The below map shows the location of PALACE GALLERY, 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 PALACE GALLERY). 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 PALACE GALLERY?

PALACE GALLERY is located on MARKET PLACE in CHARING, in the TN27 postcode district. The below map shows the position of PALACE GALLERY on MARKET PLACE.