3, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AN - £360,000

3 PENNY CRESS ROAD is a small extended detached house of 95m², built sometime between 1996 and 2002. It was last sold for £360,000 in December 2021, which was around 20% below the average December 2021 detached price in the Swale local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

3 PENNY CRESS ROAD Sold Prices

Land registry data shows six sales for 3 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the six 3 PENNY CRESS ROAD 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
2021 8 DEC	£360,000	£452,622	20% below HPI
2019 15 FEB	£299,995	£398,916	25% below HPI
2015 23 JAN	£230,000	£296,443	22% below HPI
2012 3 FEB	£177,000	£247,711	29% below HPI
2007 24 AUG	£220,000	£265,593	17% below HPI
2001 28 SEP	£136,995	£153,114	11% below HPI

3 PENNY CRESS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The six 3 PENNY CRESS ROAD sales between September 2001 and December 2021 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 February 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 PENNY CRESS ROAD?

3 PENNY CRESS ROAD is 95m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 3 PENNY CRESS ROAD lies on this distribution: 32% of detached houses are smaller than 3 PENNY CRESS ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Minster.

3 PENNY CRESS ROAD: Plot and Title Map

3 PENNY CRESS ROAD sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 3 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 3 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 3 PENNY CRESS ROAD?

3 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 3 on PENNY CRESS ROAD.