1, MILLS CLOSE, MINSTER ON SEA, SHEERNESS, ME12 2RJ - £335,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MILLS CLOSE is a small extended detached house of 92m², built sometime between 1991 and 1995, which could now be worth an estimated £398,737. It was last sold for £335,000 in January 2019, which was around 17% below the average January 2019 detached price in the Swale local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

1 MILLS CLOSE Sold Prices

Land registry data shows five sales for 1 MILLS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the five 1 MILLS CLOSE 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
2019 11 JAN	£335,000	£402,308	17% below HPI
2006 24 FEB	£215,000	£243,202	12% below HPI
2001 10 AUG	£138,000	£150,107	8% below HPI
1996 15 NOV	£82,500	£84,925	3% below HPI
1995 23 JUN	£78,950	£84,906	7% below HPI

1 MILLS CLOSE 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 five 1 MILLS CLOSE sales between June 1995 and January 2019 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 February 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 1 MILLS CLOSE be worth now?

1 MILLS CLOSE might now be worth an estimated £398,737.

This is based on house price inflation of 19%, between January 2019 and December 2024, for detached houses, in the Swale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19% inflationary increase is applied to the most recent sale price for 1 MILLS CLOSE of £335,000 on 11th January 2019. For the value to have increased from £335,000 to £398,737 over the four years and one month to December 2024, the following assumptions must hold true:

• The value of 1 MILLS CLOSE has moved in line with the HPI for detached houses in the Swale local authority area.
• The January 2019 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILLS CLOSE has not materially changed since January 2019.

How Large is 1 MILLS CLOSE?

1 MILLS CLOSE is 92m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of detached houses houses in Minster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minster, and where 1 MILLS CLOSE lies on this distribution: 29% of detached houses houses are smaller than 1 MILLS CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Minster.

1 MILLS CLOSE: Plot and Title Map

1 MILLS CLOSE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 1 MILLS CLOSE, 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 MILLS CLOSE). 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 MILLS CLOSE?

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