296, MINSTER ROAD, MINSTER ON SEA, SHEERNESS, ME12 3NR - £270,000

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

296 MINSTER ROAD is a small detached house of 88m², built sometime between 1930 and 1949. It was last sold for £270,000 in July 2020, which was around 35% below the average July 2020 detached price in the Swale local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was C.

296 MINSTER ROAD Sold Prices

Land registry data shows two sales for 296 MINSTER ROAD 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 296 MINSTER ROAD 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
2020 10 JUL	£270,000	£412,934	35% below HPI
2017 18 AUG	£220,000	£380,054	42% below HPI

296 MINSTER ROAD 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 296 MINSTER ROAD sales from August 2017 and July 2020 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 August 2017 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 296 MINSTER ROAD?

296 MINSTER ROAD is 88m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 296 MINSTER ROAD lies on this distribution: 26% of detached houses are smaller than 296 MINSTER ROAD, and 74% of houses are larger. Note that EPC data is not available for all properties in Minster.

296 MINSTER ROAD: Plot and Title Map

296 MINSTER ROAD sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 296 MINSTER ROAD, 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 296 MINSTER ROAD). 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 296 MINSTER ROAD?

296 MINSTER ROAD is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 296 on MINSTER ROAD.