3, ORCHID CLOSE, MINSTER ON SEA, SHEERNESS, ME12 3HH - £249,000

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

3 ORCHID CLOSE is a small detached house of 93m², built sometime between 1996 and 2002. It was last sold for £249,000 in February 2021, which was around 41% below the average February 2021 detached price in the Swale local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

3 ORCHID CLOSE Sold Prices

Land registry data shows four sales for 3 ORCHID 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. All of the four 3 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
2021 12 FEB	£249,000	£419,269	41% below HPI
2015 27 AUG	£170,000	£313,581	46% below HPI
2001 21 SEP	£100,000	£153,114	35% below HPI
2000 30 JUN	£91,995	£126,788	27% below HPI

3 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 four 3 ORCHID CLOSE sales between June 2000 and February 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 August 2015 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the February 2021 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 3 ORCHID CLOSE?

3 ORCHID CLOSE is 93m² according to the EPC inspection conducted in September 2014. 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 3 ORCHID CLOSE lies on this distribution: 30% of detached houses are smaller than 3 ORCHID CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Minster.

3 ORCHID CLOSE: Plot and Title Map

3 ORCHID CLOSE sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 3 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 3 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 3 ORCHID CLOSE?

3 ORCHID CLOSE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 3 on ORCHID CLOSE.