Feb 07, 2023 by HM

House prices in Herne Bay (CT6 8)

This article reveals price per square metre data and various charts to help you understand current housing market in Herne Bay (CT6 8).

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Price per square metre

Knowing the average house price in Herne Bay is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 35 Thwaytes Court, Minster Drive, Herne Bay, sold for £107,500 on Oct-2023. Given the internal area of 43 square metres, the price per sqm is £2,500.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £4,700-£5,000, £5,000-£5,300, £5,300-£5,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 213 sales in Herne Bay (CT6 8) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Herne Bay (CT6 8). Of the 213 transactions, half were sold for between £3,520 and £5,080 per square metre. Notably, only 25% of properties that sold recently were valued at more than £5,080m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CT6 8' is £4,300. The table below shows how 'CT6 8' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CT6 7 Herne Bay	£3,850m2	£4,380m2	£5,090m2
CT6 8 Herne Bay	£3,520m2	£4,300m2	£5,080m2
CT6 6 Herne Bay	£3,500m2	£4,250m2	£4,830m2
CT6 5 Herne Bay	£2,580m2	£3,250m2	£3,860m2

Will Herne Bay house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CT6 8 (Herne Bay). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CT6 8 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Herne Bay and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Herne Bay data or any other data I am given.

Price map for Herne Bay

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Herne Bay. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Herne Bay

Street level data

Street	Avg size	Avg £/m2	Recent sales
Central Avenue, Herne Bay, CT6 8R	79m2	£4,094	20
Minster Drive, Herne Bay, CT6 8B	52m2	£3,397	20
Linden Avenue, Herne Bay, CT6 8T	88m2	£4,271	17
Carlton Hill, Herne Bay, CT6 8H	94m2	£4,058	14
Pier Avenue, Herne Bay, CT6 8P	86m2	£3,743	13
Greenhill Gardens, Herne Bay, CT6 8N	68m2	£4,885	11
Albany Drive, Herne Bay, CT6 8P	86m2	£4,150	11
Chislet Court, Herne Bay, CT6 8P	52m2	£3,060	11

Search for your street here.

Raw data

Our analysis of Herne Bay is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
35 Thwaytes Court, Minster Drive, Herne Bay	£107,500 Oct-2023	43	2,500
49, The Broadway, Herne Bay	£425,000 Sep-2023	99	4,292
15, West Hill Rd, Herne Bay	£500,000 Aug-2023	129	3,875

See the entire list of all sales in Herne Bay (CT6 8) here.