8, FARADAY DRIVE, MINSTER ON SEA, SHEERNESS, ME12 3UQ - £365,000

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

8 FARADAY DRIVE is a large detached house of 111m². It was last sold for £365,000 in June 2021, which was around 13% below the average June 2021 detached price in the Swale local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was A.

8 FARADAY DRIVE Sold Prices

Land registry data shows two sales for 8 FARADAY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Swale local authority area for the corresponding sale date. Both of the two 8 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
2021 30 JUN	£365,000	£420,909	13% below HPI
2018 28 JUN	£362,950	£403,300	10% below HPI

8 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 two 8 FARADAY DRIVE sales from June 2018 and June 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 June 2018 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 8 FARADAY DRIVE?

8 FARADAY DRIVE is 111m² according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses in Halfway Houses, based on EPC data. The below chart shows the distribution of detached houses by size in Halfway Houses, and where 8 FARADAY DRIVE lies on this distribution: 65% of detached houses are smaller than 8 FARADAY DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Halfway Houses.

8 FARADAY DRIVE: Plot and Title Map

8 FARADAY DRIVE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 8 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 8 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 8 FARADAY DRIVE?

8 FARADAY DRIVE is located in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of No. 8 on FARADAY DRIVE.