1, BANNER WAY, MINSTER ON SEA, SHEERNESS, ME12 3AX - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 BANNER WAY is a very small detached house of 56m², built sometime between 1950 and 1966. It was last sold for £250,000 in March 2020, which was around 36% below the average March 2020 detached price in the Swale local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was D.

1 BANNER WAY Sold Prices

Land registry data shows two sales for 1 BANNER WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 1 BANNER WAY 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
2020 25 MAR	£250,000	£388,658	36% below HPI
2011 16 SEP	£130,000	£242,249	46% below HPI

1 BANNER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Swale local authority area over time, sourced from the HPI. The two 1 BANNER WAY sales from September 2011 and March 2020 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 September 2011 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the March 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 1 BANNER WAY?

1 BANNER WAY is 56m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of detached houses in Halfway Houses, based on EPC data. The below chart shows the distribution of detached houses by size in Halfway Houses, and where 1 BANNER WAY lies on this distribution: 2% of detached houses are smaller than 1 BANNER WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Halfway Houses.

1 BANNER WAY: Plot and Title Map

1 BANNER WAY sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 1 BANNER WAY, 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 1 BANNER WAY). 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 1 BANNER WAY?

1 BANNER WAY is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 1 on BANNER WAY.