45, PENNY CRESS ROAD, MINSTER ON SEA, SHEERNESS, ME12 3AN - £232,500

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.

45 PENNY CRESS ROAD is a midsized detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £439,517. It was last sold for £232,500 in November 2011, which was around 7% below the average November 2011 detached price in the Swale local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

45 PENNY CRESS ROAD Sold Prices

Land registry data shows three sales for 45 PENNY CRESS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 45 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
2011 30 NOV	£232,500	£250,986	7% below HPI
2007 5 JAN	£229,000	£258,790	12% below HPI
2002 22 NOV	£179,950	£194,126	7% below HPI

45 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 three 45 PENNY CRESS ROAD sales between November 2002 and November 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 January 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2011 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 45 PENNY CRESS ROAD be worth now?

45 PENNY CRESS ROAD might now be worth an estimated £439,517.

This is based on house price inflation of 89%, between November 2011 and February 2025, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 89% inflationary increase is applied to the most recent sale price for 45 PENNY CRESS ROAD of £232,500 on 30th November 2011. For the value to have increased from £232,500 to £439,517 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 45 PENNY CRESS ROAD has moved in line with the HPI for detached houses in the Swale local authority area.
• The November 2011 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 45 PENNY CRESS ROAD has not materially changed since November 2011.

How Large is 45 PENNY CRESS ROAD?

45 PENNY CRESS ROAD is 120m² according to the EPC inspection conducted in September 2014. This puts it in the largest 50% of detached houses houses in Minster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minster, and where 45 PENNY CRESS ROAD lies on this distribution: 58% of detached houses houses are smaller than 45 PENNY CRESS ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Minster.

45 PENNY CRESS ROAD: Plot and Title Map

45 PENNY CRESS ROAD sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 45 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 45 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 45 PENNY CRESS ROAD?

45 PENNY CRESS ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 45 on PENNY CRESS ROAD.