16, SCOTCHMEN CLOSE, MINSTER ON SEA, SHEERNESS, ME12 3BX - £405,000

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 SCOTCHMEN CLOSE is a large detached house of 111m², built sometime between 1996 and 2002. It was last sold for £405,000 in January 2021, which was around 5% below the average January 2021 detached price in the Swale local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

16 SCOTCHMEN CLOSE Sold Prices

Land registry data shows four sales for 16 SCOTCHMEN 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. Most of the four 16 SCOTCHMEN 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
2021 25 JAN	£405,000	£426,265	5% below HPI
2011 4 MAY	£215,000	£251,178	14% below HPI
2002 26 JUL	£175,000	£180,109	3% below HPI
2000 29 SEP	£139,500	£134,404	4% above HPI

16 SCOTCHMEN 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 16 SCOTCHMEN CLOSE sales between September 2000 and January 2021 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 May 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 16 SCOTCHMEN CLOSE?

16 SCOTCHMEN CLOSE is 111m² according to the EPC inspection conducted in July 2019. This puts it in the largest 40% 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 16 SCOTCHMEN CLOSE lies on this distribution: 65% of detached houses are smaller than 16 SCOTCHMEN CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Halfway Houses.

16 SCOTCHMEN CLOSE: Plot and Title Map

16 SCOTCHMEN CLOSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 16 SCOTCHMEN 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 16 SCOTCHMEN 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 16 SCOTCHMEN CLOSE?

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