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Herne Bay House Prices Herne Bay House Prices

The average house price in Herne Bay is £313,999 using HM Land Registry data.

The average property price increased by £91,694 (31.71%) over the last 5 years and increased by £18,326 (5.05%) over the last 12 months.

Over the last year, there were 261 residential property sales – a decrease of 171 transactions (-65.52%) relative to the previous year. The majority of house sales (60) were in the £238,000 - £326,000 range. Then came properties in the £326,000 - £414,000 range, where 51 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 105 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,656 (-3%).

In April 2024, there were 74 new estate agency instructions, 38 agreed home sales and 54 property price reductions.

Neighbouring Areas: Herne, Whitstable

Postcodes Covered: CT6

5-Year Average Property Prices in Herne Bay

31.71%

Property prices in Herne Bay increased by 31.71% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Herne Bay Over the Last Year

5.05%

Property prices in Herne Bay increased by 5.05% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Herne Bay - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Herne Bay

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Herne Bay

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Herne Bay

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Herne Bay since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Herne Bay area since 1995.

Recent Property Sales in Herne Bay

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
70 Linden Avenue, Herne Bay, Kent, CT6 8TZ£375,000£375,000£0013 Nov 202314 Mar 2024122 Days
49 Hillman Avenue, Herne Bay, Kent, CT6 8EH£315,000£300,000-£15,00030 Aug 202304 Mar 2024187 Days
Flat 31, Richmond Court, Richmond Street, Herne Bay, Kent, CT6 5LL£175,000£170,000-£5,00021 Sep 202309 Feb 2024141 Days
46 Bullers Avenue, Herne Bay, Kent, CT6 8UH£475,000£470,000-£5,00026 Jul 202308 Feb 2024197 Days
83 South Road, Herne Bay, Kent, CT6 5AT£495,000£490,000-£5,00010 Jul 202308 Feb 2024213 Days
27b, Lancaster Gardens, Beltinge, Herne Bay, Kent, CT6 6PU£425,000£425,000£0019 May 202308 Feb 2024265 Days
15 Queens Avenue, Herne Bay, Kent, CT6 6NE£625,000£565,000-£60,00003 Aug 202301 Feb 2024182 Days
26 Coventry Gardens, Beltinge, Herne Bay, Kent, CT6 6SD£600,000£590,000-£10,00028 Jun 202301 Feb 2024218 Days
209 Reculver Road, Herne Bay, Kent, CT6 6QA£325,000£320,000-£5,00022 Sep 202330 Jan 2024130 Days
63 Greenhill Gardens, Herne Bay, Kent, CT6 8NX£195,000£195,000£0001 Nov 202309 Jan 202469 Days
5 Morris Avenue, Studd Hill, Herne Bay, Kent, CT6 8BB£335,000£332,500-£2,50010 Jul 202320 Dec 2023163 Days
18 Grange Road, Herne Bay, Kent, CT6 6NQ£350,000£350,000£0001 Sep 202315 Dec 2023105 Days
135 Sea Street, Herne Bay, Kent, CT6 8QZ£250,000£250,000£0011 Oct 202315 Dec 202365 Days
32 Glenbervie Drive, Herne Bay, Kent, CT6 6QL£350,000£320,000-£30,00029 Jun 202312 Dec 2023166 Days
Bermuda, Cross Street, Herne Bay, Kent, CT6 8NN£300,000£295,000-£5,00004 Sep 202311 Dec 202398 Days
54 Grand Drive, Herne Bay, Kent, CT6 8JS£475,000£450,000-£25,00017 May 202301 Dec 2023198 Days
55 Windsor Gardens, Herne Bay, Kent, CT6 8FE£280,000£268,000-£12,00016 Jun 202301 Dec 2023168 Days
4 Minster Drive, Herne Bay, Kent, CT6 8UL£300,000£300,000£0010 Jul 202330 Nov 2023143 Days
56 Spenser Road, Herne Bay, Kent, CT6 5QN£600,000£590,000-£10,00014 Apr 202330 Nov 2023230 Days
37 Pier Avenue, Herne Bay, Kent, CT6 8PQ£450,000£430,000-£20,00012 Aug 202324 Nov 2023104 Days

Most Expensive Streets in Herne Bay

PostcodeStreetAreaAverageNo. of Sales
CT6 6JLThe LeesHerne Bay£906,7363
CT6 8EPSpa EsplanadeHerne Bay£831,2504
CT6 8RLWestern EsplanadeHerne Bay£730,0003
CT6 8RNWestern EsplanadeHerne Bay£710,0004
CT6 5HJCanterbury RoadHerne Bay£665,8333
CT6 6JQSea View RoadHerne Bay£610,5004
CT6 5TAParsonage RoadHerne Bay£595,0004
CT6 6PYReculver RoadHerne Bay£593,3333
CT6 6HLBeltinge RoadHerne Bay£591,6864
CT6 6JNBeacon HillHerne Bay£588,3336

Least Expensive Streets in Herne Bay

PostcodeStreetAreaAverageNo. of Sales
CT6 5QAStation RoadHerne Bay£108,14410
CT6 5LBCavendish CourtHigh Street, Herne Bay£110,0559
CT6 5RLOakland CourtHerne Bay£114,79512
CT6 5DUMortimer StreetHerne Bay£122,0003
CT6 5JJCentral ParadeHerne Bay£138,8333
CT6 5RPParkside CourtKings Road£141,02917
CT6 6DNCecil CourtHerne Bay£149,0003
CT6 5LHHigh StreetHerne Bay£156,99510
CT6 8PDChislet CourtHerne Bay£157,04112
CT6 5LAHigh StreetHerne Bay£160,67617

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