8, MILLS CLOSE, MINSTER ON SEA, SHEERNESS, ME12 2RJ - £105,995

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

8 MILLS CLOSE is a small detached house of 85m², built sometime between 1983 and 1990, which could now be worth an estimated £354,321. It was last sold for £105,995 in May 2001, which was around 26% below the average May 2001 detached price in the Swale local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

8 MILLS CLOSE Sold Prices

Land registry data shows three sales for 8 MILLS CLOSE 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 8 MILLS 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
2001 25 MAY	£105,995	£143,248	26% below HPI
1999 22 JAN	£74,000	£104,711	29% below HPI
1996 11 OCT	£66,500	£85,474	22% below HPI

8 MILLS 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 three 8 MILLS CLOSE sales between October 1996 and May 2001 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 January 1999 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2001 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 8 MILLS CLOSE be worth now?

8 MILLS CLOSE might now be worth an estimated £354,321.

This is based on house price inflation of 234.3%, between May 2001 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 234.3% inflationary increase is applied to the most recent sale price for 8 MILLS CLOSE of £105,995 on 25th May 2001. For the value to have increased from £105,995 to £354,321 over the 22 years and five months to December 2024, the following assumptions must hold true:

• The value of 8 MILLS CLOSE has moved in line with the HPI for detached houses in the Swale local authority area.
• The May 2001 sale price of £105,995 represented a fair market value for the property.
• The size, condition, and specification of 8 MILLS CLOSE has not materially changed since May 2001.

How Large is 8 MILLS CLOSE?

8 MILLS CLOSE is 85m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 30% 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 8 MILLS CLOSE lies on this distribution: 23% of detached houses houses are smaller than 8 MILLS CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Minster.

8 MILLS CLOSE: Plot and Title Map

8 MILLS CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 8 MILLS 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 8 MILLS 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 8 MILLS CLOSE?

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