COPPERS, OAK LANE, MINSTER ON SEA, SHEERNESS, ME12 3QW - £425,000

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.

COPPERS is a midsized extended detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £482,745. It was last sold for £425,000 in February 2021, which was around 2% above the average February 2021 detached price in the Swale local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was D.

COPPERS Sold Prices

Land registry data shows two sales for COPPERS 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 COPPERS sales were 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
2021 12 FEB	£425,000	£417,709	2% above HPI
2000 24 JUL	£139,500	£129,184	8% above HPI

COPPERS 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 COPPERS sales from July 2000 and February 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 July 2000 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2021 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might COPPERS be worth now?

COPPERS might now be worth an estimated £482,745.

This is based on house price inflation of 13.6%, between February 2021 and February 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 13.6% inflationary increase is applied to the most recent sale price for COPPERS of £425,000 on 12th February 2021. For the value to have increased from £425,000 to £482,745 over the four years to February 2025, the following assumptions must hold true:

• The value of COPPERS has moved in line with the HPI for detached houses in the Swale local authority area.
• The February 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of COPPERS has not materially changed since February 2021.

How Large is COPPERS?

COPPERS is 112m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 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 COPPERS lies on this distribution: 49% of detached houses houses are smaller than COPPERS, and 49% of houses are larger. Note that EPC data is not available for all properties in Minster.

COPPERS: Plot and Title Map

COPPERS sits on a plot of roughly 0.188 of an acre, or 760m². The below map shows the location of COPPERS, 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 COPPERS). 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 COPPERS?

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