CHIPPINGS, LYNMOUTH DRIVE, MINSTER ON SEA, SHEERNESS, ME12 2HT - £395,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CHIPPINGS is a midsized detached house of 109m², built sometime from 2007 onwards, which could now be worth an estimated £399,871. It was last sold for £395,000 in July 2022, which was around 16% below the average July 2022 detached price in the Swale local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

CHIPPINGS Sold Prices

Land registry data shows three sales for CHIPPINGS 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 CHIPPINGS 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
2022 8 JUL	£395,000	£470,078	16% below HPI
2019 28 OCT	£342,000	£407,577	16% below HPI
2007 8 AUG	£250,000	£264,605	6% below HPI

CHIPPINGS 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 CHIPPINGS sales between August 2007 and July 2022 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 October 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2022 sale, which was also at 16% below the HPI.

What might CHIPPINGS be worth now?

CHIPPINGS might now be worth an estimated £399,871.

This is based on house price inflation of 1.2%, between July 2022 and March 2025, 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 1.2% inflationary increase is applied to the most recent sale price for CHIPPINGS of £395,000 on 8th July 2022. For the value to have increased from £395,000 to £399,871 over the three years and four months to March 2025, the following assumptions must hold true:

• The value of CHIPPINGS has moved in line with the HPI for detached houses in the Swale local authority area.
• The July 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of CHIPPINGS has not materially changed since July 2022.

How Large is CHIPPINGS?

CHIPPINGS is 109m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 50% 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 CHIPPINGS lies on this distribution: 45% of detached houses houses are smaller than CHIPPINGS, and 54% of houses are larger. Note that EPC data is not available for all properties in Minster.

CHIPPINGS: Plot and Title Map

CHIPPINGS sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of CHIPPINGS, 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 CHIPPINGS). 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 CHIPPINGS?

CHIPPINGS is located on LYNMOUTH DRIVE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of CHIPPINGS on LYNMOUTH DRIVE.