29, DRAKE AVENUE, MINSTER ON SEA, SHEERNESS, ME12 3SA - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

29 DRAKE AVENUE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £340,832. It was last sold for £275,000 in February 2018, which was around 29% below the average February 2018 detached price in the Swale local authority area. The most recent EPC inspection was August 2014, where the current energy rating was F, and the potential energy rating was C.

29 DRAKE AVENUE Sold Prices

Land registry data shows two sales for 29 DRAKE AVENUE 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 29 DRAKE AVENUE 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 20 FEB	£275,000	£386,360	29% below HPI
2004 17 JUN	£177,000	£229,756	23% below HPI

29 DRAKE 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 two 29 DRAKE AVENUE sales from June 2004 and February 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 June 2004 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 29 DRAKE AVENUE be worth now?

29 DRAKE AVENUE might now be worth an estimated £340,832.

This is based on house price inflation of 23.9%, between February 2018 and December 2024, 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 23.9% inflationary increase is applied to the most recent sale price for 29 DRAKE AVENUE of £275,000 on 20th February 2018. For the value to have increased from £275,000 to £340,832 over the five years and two months to December 2024, the following assumptions must hold true:

• The value of 29 DRAKE AVENUE has moved in line with the HPI for detached houses in the Swale local authority area.
• The February 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 29 DRAKE AVENUE has not materially changed since February 2018.

How Large is 29 DRAKE AVENUE?

29 DRAKE AVENUE is 74m² according to the EPC inspection conducted in August 2014. 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 29 DRAKE AVENUE lies on this distribution: 13% of detached houses houses are smaller than 29 DRAKE AVENUE, and 87% of houses are larger. Note that EPC data is not available for all properties in Minster.

29 DRAKE AVENUE: Plot and Title Map

29 DRAKE AVENUE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 29 DRAKE 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 29 DRAKE 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 29 DRAKE AVENUE?

29 DRAKE AVENUE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 29 on DRAKE AVENUE.