PENNY PLAIN, HATCH LANE, CHARTHAM, CANTERBURY, CT4 7LN - £335,000

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.

PENNY PLAIN is a very small detached house of 101m², built sometime between 1930 and 1949, which could now be worth an estimated £424,960. It was last sold for £335,000 in August 2016, which was around 23% below the average August 2016 detached price in the Canterbury local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

PENNY PLAIN Sold Prices

Land registry data shows three sales for PENNY PLAIN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. All of the three PENNY PLAIN 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
2016 31 AUG	£335,000	£433,812	23% below HPI
2014 12 MAY	£287,500	£355,932	19% below HPI
2002 26 JUL	£146,500	£193,898	24% below HPI

PENNY PLAIN 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 three PENNY PLAIN sales between July 2002 and August 2016 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 May 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2016 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might PENNY PLAIN be worth now?

PENNY PLAIN might now be worth an estimated £424,960.

This is based on house price inflation of 26.9%, between August 2016 and March 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 26.9% inflationary increase is applied to the most recent sale price for PENNY PLAIN of £335,000 on 31st August 2016. For the value to have increased from £335,000 to £424,960 over the nine years and five months to March 2025, the following assumptions must hold true:

• The value of PENNY PLAIN has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The August 2016 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of PENNY PLAIN has not materially changed since August 2016.

How Large is PENNY PLAIN?

PENNY PLAIN is 101m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses houses in Chartham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chartham, and where PENNY PLAIN lies on this distribution: 18% of detached houses houses are smaller than PENNY PLAIN, and 83% of houses are larger. Note that EPC data is not available for all properties in Chartham.

PENNY PLAIN: Plot and Title Map

PENNY PLAIN sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of PENNY PLAIN, 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 PENNY PLAIN). 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 PENNY PLAIN?

PENNY PLAIN is located on HATCH LANE in CHARTHAM, in the CT4 postcode district. The below map shows the position of PENNY PLAIN on HATCH LANE.