15, MILLS CLOSE, MINSTER ON SEA, SHEERNESS, ME12 2RJ - £295,000

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

15 MILLS CLOSE is a midsized detached house of 118m², built sometime between 1996 and 2002. It was last sold for £295,000 in December 2014, which was around 2% below the average December 2014 detached price in the Swale local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

15 MILLS CLOSE Sold Prices

Land registry data shows four sales for 15 MILLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Swale local authority area for the corresponding sale date. two of the four 15 MILLS CLOSE sales were for below the average price, and four were for above 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
2014 18 DEC	£295,000	£300,461	2% below HPI
2012 5 SEP	£228,000	£253,852	10% below HPI
2000 31 JUL	£143,000	£129,667	10% above HPI
1996 16 AUG	£104,950	£85,888	22% above HPI

15 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 four 15 MILLS CLOSE sales between August 1996 and December 2014 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 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2014 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 15 MILLS CLOSE?

15 MILLS CLOSE is 118m² according to the EPC inspection conducted in July 2011. This puts it in the largest 50% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 15 MILLS CLOSE lies on this distribution: 56% of detached houses are smaller than 15 MILLS CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Minster.

15 MILLS CLOSE: Plot and Title Map

15 MILLS CLOSE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 15 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 15 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 15 MILLS CLOSE?

15 MILLS CLOSE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 15 on MILLS CLOSE.