7, MARR CLOSE, MINSTER ON SEA, SHEERNESS, ME12 2RQ - £349,000

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

7 MARR CLOSE is a very small detached house of 73m², built sometime between 1996 and 2002. It was last sold for £349,000 in July 2024, which was around 27% below the average July 2024 detached price in the Swale local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

7 MARR CLOSE Sold Prices

Land registry data shows five sales for 7 MARR CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Swale local authority area for the corresponding sale date. All of the five 7 MARR 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
2024 5 JUL	£349,000	£479,246	27% below HPI
2022 25 MAR	£335,000	£457,861	27% below HPI
2005 24 JUN	£178,500	£233,169	23% below HPI
2000 10 FEB	£84,500	£123,414	32% below HPI
1997 21 MAR	£68,000	£89,076	24% below HPI

7 MARR 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 five 7 MARR CLOSE sales between March 1997 and July 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 March 2022 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2024 sale, which was also at 27% below the HPI.

How Large is 7 MARR CLOSE?

7 MARR CLOSE is 73m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where 7 MARR CLOSE lies on this distribution: 11% of detached houses are smaller than 7 MARR CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Minster.

7 MARR CLOSE: Plot and Title Map

7 MARR CLOSE sits on a plot of roughly 0.077 of an acre, or 314m². The below map shows the location of 7 MARR 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 7 MARR 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 7 MARR CLOSE?

7 MARR CLOSE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 7 on MARR CLOSE.