37, THE LEAS, MINSTER ON SEA, SHEERNESS, ME12 2NL - £442,500

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

37 THE LEAS is a very large detached house of 183m², built sometime between 1976 and 1982, which could now be worth an estimated £521,678. It was last sold for £442,500 in August 2020, which was around 9% above the average August 2020 detached price in the Swale local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

37 THE LEAS Sold Prices

Land registry data shows four sales for 37 THE LEAS 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 37 THE LEAS sales 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
2020 28 AUG	£442,500	£406,173	9% above HPI
2012 11 DEC	£380,000	£248,909	53% above HPI
2000 18 APR	£195,000	£122,462	59% above HPI
1995 8 MAR	£102,000	£82,098	24% above HPI

37 THE LEAS 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 37 THE LEAS sales between March 1995 and August 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 December 2012 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the August 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 37 THE LEAS be worth now?

37 THE LEAS might now be worth an estimated £521,678.

This is based on house price inflation of 17.9%, between August 2020 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 17.9% inflationary increase is applied to the most recent sale price for 37 THE LEAS of £442,500 on 28th August 2020. For the value to have increased from £442,500 to £521,678 over the three years and eight months to December 2024, the following assumptions must hold true:

• The value of 37 THE LEAS has moved in line with the HPI for detached houses in the Swale local authority area.
• The August 2020 sale price of £442,500 represented a fair market value for the property.
• The size, condition, and specification of 37 THE LEAS has not materially changed since August 2020.

How Large is 37 THE LEAS?

37 THE LEAS is 183m² according to the EPC inspection conducted in July 2012. This puts it in the largest 10% 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 37 THE LEAS lies on this distribution: 91% of detached houses houses are smaller than 37 THE LEAS, and 9% of houses are larger. Note that EPC data is not available for all properties in Minster.

37 THE LEAS: Plot and Title Map

37 THE LEAS sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of 37 THE LEAS, 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 37 THE LEAS). 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 37 THE LEAS?

37 THE LEAS is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 37 on THE LEAS.