4, NORWOOD RISE, MINSTER ON SEA, SHEERNESS, ME12 2JE - £390,000

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

4 NORWOOD RISE is a large extended detached house of 139m², built sometime between 1983 and 1990. It was last sold for £390,000 in January 2024, which was around 18% below the average January 2024 detached price in the Swale local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was C.

4 NORWOOD RISE Sold Prices

Land registry data shows three sales for 4 NORWOOD RISE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Two of the three 4 NORWOOD RISE sales were for below the average price, whilst one was 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
2024 12 JAN	£390,000	£474,137	18% below HPI
2005 23 SEP	£246,000	£248,873	1% below HPI
1997 11 AUG	£106,000	£92,374	15% above HPI

4 NORWOOD RISE 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 three 4 NORWOOD RISE sales between August 1997 and January 2024 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 September 2005 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the January 2024 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 4 NORWOOD RISE?

4 NORWOOD RISE is 139m², which includes two extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 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 4 NORWOOD RISE lies on this distribution: 72% of detached houses are smaller than 4 NORWOOD RISE, and 28% of houses are larger. Note that EPC data is not available for all properties in Minster.

4 NORWOOD RISE: Plot and Title Map

4 NORWOOD RISE sits on a plot of roughly 0.171 of an acre, or 692m². The below map shows the location of 4 NORWOOD RISE, 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 4 NORWOOD RISE). 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 4 NORWOOD RISE?

4 NORWOOD RISE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 4 on NORWOOD RISE.