62, FARADAY DRIVE, MINSTER ON SEA, SHEERNESS, ME12 3UQ - £325,000

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

62 FARADAY DRIVE is a small detached house of 91m², which could now be worth an estimated £345,336. It was last sold for £325,000 in April 2024, which was around 28% below the average April 2024 detached price in the Swale local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

62 FARADAY DRIVE Sold Prices

Land registry data shows three sales for 62 FARADAY DRIVE 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. All of the three 62 FARADAY DRIVE 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
2024 19 APR	£325,000	£450,653	28% below HPI
2023 15 DEC	£320,000	£465,716	31% below HPI
2019 30 MAY	£293,950	£395,608	26% below HPI

62 FARADAY DRIVE 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 62 FARADAY DRIVE sales between May 2019 and April 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 December 2023 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2024 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 62 FARADAY DRIVE be worth now?

62 FARADAY DRIVE might now be worth an estimated £345,336.

This is based on house price inflation of 6.3%, between April 2024 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 6.3% inflationary increase is applied to the most recent sale price for 62 FARADAY DRIVE of £325,000 on 19th April 2024. For the value to have increased from £325,000 to £345,336 over the four months to December 2024, the following assumptions must hold true:

• The value of 62 FARADAY DRIVE has moved in line with the HPI for detached houses in the Swale local authority area.
• The April 2024 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 62 FARADAY DRIVE has not materially changed since April 2024.

How Large is 62 FARADAY DRIVE?

62 FARADAY DRIVE is 91m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of detached houses houses in Halfway Houses, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halfway Houses, and where 62 FARADAY DRIVE lies on this distribution: 37% of detached houses houses are smaller than 62 FARADAY DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Halfway Houses.

62 FARADAY DRIVE: Plot and Title Map

62 FARADAY DRIVE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 62 FARADAY DRIVE, 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 62 FARADAY DRIVE). 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 62 FARADAY DRIVE?

62 FARADAY DRIVE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 62 on FARADAY DRIVE.