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Herne House Prices Herne House Prices

The average house price in Herne is £321,500 using HM Land Registry data.

The average property price increased by £78,910 (24.51%) over the last 5 years and increased by £15,771 (4.1%) over the last 12 months.

Over the last year, there were 140 residential property sales – a decrease of 83 transactions (-59.29%) relative to the previous year. The majority of house sales (37) were in the £302,000 - £364,000 range. Then came properties in the £240,000 - £302,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 95 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 46 new estate agency instructions, 24 agreed home sales and 41 property price reductions.

Neighbouring Areas: Herne Bay

Postcodes Covered: CT6

5-Year Average Property Prices in Herne

24.51%

Property prices in Herne increased by 24.51% 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 Over the Last Year

4.1%

Property prices in Herne increased by 4.1% 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 - 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

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

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

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 since 1995

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

Recent Property Sales in Herne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
42 Blean View Road, Herne Bay, Kent, CT6 7RA£329,500£301,000-£28,50025 Sep 202301 Mar 2024158 Days
61 Mill Lane, Herne Bay, Kent, CT6 7DP£545,000£485,000-£60,00031 Jul 202329 Feb 2024213 Days
32 Margate Road, Herne Bay, Kent, CT6 7BL£399,995£180,000-£219,99524 Jul 201927 Feb 20241679 Days
15 Upper Free Down, Herne Bay, Kent, CT6 7DG£300,000£300,000£0004 Aug 202320 Feb 2024200 Days
34 Lower Herne Road, Herne Bay, Kent, CT6 7NA£300,000£300,000£0007 Oct 202308 Feb 2024124 Days
35 Greenhill Road, Herne Bay, Kent, CT6 7QG£400,000£390,000-£10,00018 Jul 202308 Feb 2024205 Days
35 Peartree Road, Herne Bay, Kent, CT6 7EG£250,000£237,000-£13,00021 Aug 202330 Jan 2024162 Days
42 Hunters Forstal Road, Herne Bay, Kent, CT6 7DN£275,000£271,000-£4,00013 Oct 202329 Jan 2024108 Days
10 Sherwood Close, Herne Bay, Kent, CT6 7DX£450,000£430,000-£20,00020 Jun 202305 Jan 2024199 Days
3 St Augustines Court, Herne Bay, Kent, CT6 5UE£250,000£236,000-£14,00018 Apr 202307 Dec 2023233 Days
14 Norton Avenue, Herne Bay, Kent, CT6 7TA£325,000£312,000-£13,00027 Jul 202307 Dec 2023133 Days
119 Peartree Road, Herne Bay, Kent, CT6 7EG£255,000£255,000£0004 Aug 202307 Dec 2023125 Days
125 Poplar Drive, Herne Bay, Kent, CT6 7QA£350,000£350,000£0025 Apr 202305 Dec 2023224 Days
123 Margate Road, Herne Bay, Kent, CT6 7BJ£350,000£337,500-£12,50010 Feb 202301 Dec 2023294 Days
14 Nurserylands, Eddington, Herne Bay, Kent, CT6 5TF£375,000£367,000-£8,00022 May 202330 Nov 2023192 Days
161 Poplar Drive, Herne Bay, Kent, CT6 7QB£325,000£310,000-£15,00020 May 202330 Nov 2023194 Days
5 Steed Close, Herne Bay, Kent, CT6 7TQ£200,000£195,000-£5,00018 Aug 202327 Nov 2023101 Days
10 Ruskins View, Herne Bay, Kent, CT6 7AE£325,000£320,000-£5,00031 Jul 202316 Nov 2023108 Days
14 Muscovy Way, Herne Bay, Kent, CT6 5RR£650,000£625,000-£25,00028 Apr 202313 Nov 2023199 Days
2c, Honeysuckle Way, Herne Bay, Kent, CT6 7AX£475,000£460,000-£15,00013 May 202310 Nov 2023181 Days

Most Expensive Streets in Herne

PostcodeStreetAreaAverageNo. of Sales
CT6 7LJBusheyfields RoadHerne Bay£711,6663
CT6 7AYBroomfield RoadHerne Bay£708,3333
CT6 7RYThornden Wood RoadHerne Bay£636,0005
CT6 5RRMuscovy WayHerne Bay£592,5003
CT6 7BABroomfield RoadHerne Bay£580,3005
CT6 5FTBawcomb CloseHerne Bay£544,9963
CT6 7NRBullockstone RoadHerne Bay£532,3333
CT6 7TZCurtis Wood Park RoadHerne Bay£528,3333
CT6 7JJMill LaneHerne Bay£518,5003
CT6 5PZLongtail RiseHerne Bay£515,5004

Least Expensive Streets in Herne

PostcodeStreetAreaAverageNo. of Sales
CT6 5FAHeath GroveHerne Bay£98,9005
CT6 7XEHarvest CourtHerne Bay£154,2504
CT6 7XAPlough CourtHerne Bay£178,3333
CT6 7GPRyder CourtThe Links£184,7147
CT6 7XDRye WalkHerne Bay£188,9378
CT6 7NDLower Herne RoadHerne Bay£208,1663
CT6 7PTWillow MewsHerne Bay£215,8333
CT6 5UACanterbury RoadHerne Bay£228,0003
CT6 7HXBox Iron CottagesChapel Row£232,5003
CT6 7XFThe MeadowsHerne Bay£240,6258

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