2, OAK AVENUE, MINSTER ON SEA, SHEERNESS, ME12 3QT - £415,000

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

2 OAK AVENUE is a large extended detached house of 125m², built sometime between 1991 and 1995. It was last sold for £415,000 in September 2021, which was around 2% below the average September 2021 detached price in the Swale local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

2 OAK AVENUE Sold Prices

Land registry data shows four sales for 2 OAK AVENUE 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 2 OAK AVENUE 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
2021 21 SEP	£415,000	£422,457	2% below HPI
2011 25 NOV	£250,000	£251,923	1% below HPI
2004 19 NOV	£250,000	£242,612	3% above HPI
1995 7 MAR	£94,000	£82,405	14% above HPI

2 OAK AVENUE 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 2 OAK AVENUE sales between March 1995 and September 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 November 2011 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 2 OAK AVENUE?

2 OAK AVENUE is 125m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 40% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 2 OAK AVENUE lies on this distribution: 62% of detached houses are smaller than 2 OAK AVENUE, and 38% of houses are larger. Note that EPC data is not available for all properties in Minster.

2 OAK AVENUE: Plot and Title Map

2 OAK AVENUE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 2 OAK AVENUE, 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 2 OAK AVENUE). 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 2 OAK AVENUE?

2 OAK AVENUE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 2 on OAK AVENUE.