ALPHA, ELM LANE, MINSTER ON SEA, SHEERNESS, ME12 3SQ - £350,000

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

ALPHA is a midsized extended detached house of 117m², built sometime between 1930 and 1949. It was last sold for £350,000 in August 2017, which was around 8% below the average August 2017 detached price in the Swale local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was C.

ALPHA Sold Prices

Land registry data shows two sales for ALPHA 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. One of the two ALPHA sales was for below the average price, whilst the other 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
2017 3 AUG	£350,000	£380,054	8% below HPI
2006 24 FEB	£248,000	£244,111	2% above HPI

ALPHA 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 ALPHA sales from February 2006 and August 2017 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 February 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2017 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is ALPHA?

ALPHA is 117m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the largest 50% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where ALPHA lies on this distribution: 55% of detached houses are smaller than ALPHA, and 44% of houses are larger. Note that EPC data is not available for all properties in Minster.

ALPHA: Plot and Title Map

ALPHA sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of ALPHA, 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 ALPHA). 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 ALPHA?

ALPHA is located on ELM LANE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of ALPHA on ELM LANE.