THE LAURELS, 24C, GAINSBOROUGH DRIVE, HERNE BAY, CT6 6QH - £432,000

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 LAURELS is a very large extended detached house of 137m², built sometime between 1991 and 1995, which could now be worth an estimated £517,888. It was last sold for £432,000 in September 2018, which was around 9% below the average September 2018 detached price in the Canterbury local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Canterbury local authority area for the corresponding sale date. One of the two THE LAURELS sales was for below the average price, whilst the other was for above 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
2018 11 SEP	£432,000	£475,884	9% below HPI
1995 22 MAY	£114,000	£91,041	25% above HPI

THE LAURELS 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 two THE LAURELS sales from May 1995 and September 2018 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 1995 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2018 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £517,888.

This is based on house price inflation of 19.9%, between September 2018 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 19.9% inflationary increase is applied to the most recent sale price for THE LAURELS of £432,000 on 11th September 2018. For the value to have increased from £432,000 to £517,888 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the Canterbury local authority area.
• The September 2018 sale price of £432,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since September 2018.

How Large is THE LAURELS?

THE LAURELS is 137m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 20% 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 LAURELS lies on this distribution: 82% of detached houses houses are smaller than THE LAURELS, and 18% of houses are larger. Note that EPC data is not available for all properties in Herne Bay.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on GAINSBOROUGH DRIVE in HERNE BAY, in the CT6 postcode district. The below map shows the position of THE LAURELS on GAINSBOROUGH DRIVE.