THE LODGE, MONTAGUE STREET, HERNE BAY, CT6 8TJ - £296,000

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.

THE LODGE is a very small detached house of 56m², built sometime before 1900, which could now be worth an estimated £314,320. It was last sold for £296,000 in February 2022, which was around 45% below the average February 2022 detached price in the Canterbury local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was B.

THE LODGE Sold Prices

Land registry data shows five sales for THE LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the five THE LODGE 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
2022 11 FEB	£296,000	£537,245	45% below HPI
2007 9 NOV	£155,000	£328,771	53% below HPI
2005 2 SEP	£147,000	£276,714	47% below HPI
2001 19 JAN	£79,000	£160,124	51% below HPI
2000 14 SEP	£58,960	£155,059	62% below HPI

THE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Canterbury local authority area over time, sourced from the HPI. The five THE LODGE sales between September 2000 and February 2022 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 2007 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the February 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might THE LODGE be worth now?

THE LODGE might now be worth an estimated £314,320.

This is based on house price inflation of 6.2%, between February 2022 and February 2025, for detached houses, in the Canterbury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for THE LODGE of £296,000 on 11th February 2022. For the value to have increased from £296,000 to £314,320 over the three years to February 2025, the following assumptions must hold true:

• The value of THE LODGE has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The February 2022 sale price of £296,000 represented a fair market value for the property.
• The size, condition, and specification of THE LODGE has not materially changed since February 2022.

How Large is THE LODGE?

THE LODGE is 56m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% of detached houses houses in Herne Bay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Herne Bay, and where THE LODGE lies on this distribution: 5% of detached houses houses are smaller than THE LODGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.027 of an acre, or 109m². The below map shows the location of THE LODGE, 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 THE LODGE). 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 THE LODGE?

THE LODGE is located on MONTAGUE STREET in HERNE BAY, in the CT6 postcode district. The below map shows the position of THE LODGE on MONTAGUE STREET.