18, ORCHID CLOSE, MINSTER ON SEA, SHEERNESS, ME12 3HH - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 ORCHID CLOSE is a very small detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £308,290. It was last sold for £295,000 in February 2022, which was around 35% below the average February 2022 detached price in the Swale local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

18 ORCHID CLOSE Sold Prices

Land registry data shows three sales for 18 ORCHID CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the three 18 ORCHID 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
2022 18 FEB	£295,000	£454,009	35% below HPI
2003 15 DEC	£158,000	£223,902	29% below HPI
2000 8 DEC	£97,995	£135,964	28% below HPI

18 ORCHID 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 three 18 ORCHID CLOSE sales between December 2000 and February 2022 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 December 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 18 ORCHID CLOSE be worth now?

18 ORCHID CLOSE might now be worth an estimated £308,290.

This is based on house price inflation of 4.5%, between February 2022 and February 2025, 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 4.5% inflationary increase is applied to the most recent sale price for 18 ORCHID CLOSE of £295,000 on 18th February 2022. For the value to have increased from £295,000 to £308,290 over the three years to February 2025, the following assumptions must hold true:

• The value of 18 ORCHID CLOSE has moved in line with the HPI for detached houses in the Swale local authority area.
• The February 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 18 ORCHID CLOSE has not materially changed since February 2022.

How Large is 18 ORCHID CLOSE?

18 ORCHID CLOSE is 72m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% 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 18 ORCHID CLOSE lies on this distribution: 10% of detached houses houses are smaller than 18 ORCHID CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Minster.

18 ORCHID CLOSE: Plot and Title Map

18 ORCHID CLOSE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 18 ORCHID 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 18 ORCHID 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 18 ORCHID CLOSE?

18 ORCHID CLOSE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 18 on ORCHID CLOSE.