16, ELM LANE, MINSTER ON SEA, SHEERNESS, ME12 3SQ - £320,000

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

16 ELM LANE is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £320,000 in September 2018, which was around 21% below the average September 2018 detached price in the Swale local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was A.

16 ELM LANE Sold Prices

Land registry data shows two sales for 16 ELM LANE 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 16 ELM LANE 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
2018 28 SEP	£320,000	£405,453	21% below HPI
2002 8 APR	£120,000	£164,454	27% below HPI

16 ELM LANE 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 16 ELM LANE sales from April 2002 and September 2018 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 April 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 16 ELM LANE?

16 ELM LANE is 63m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 16 ELM LANE lies on this distribution: 4% of detached houses are smaller than 16 ELM LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Minster.

16 ELM LANE: Plot and Title Map

16 ELM LANE sits on a plot of roughly 0.176 of an acre, or 711m². The below map shows the location of 16 ELM LANE, 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 16 ELM LANE). 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 16 ELM LANE?

16 ELM LANE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 16 on ELM LANE.