FIRST STEP, IMPERIAL AVENUE, MINSTER ON SEA, SHEERNESS, ME12 2HG - £265,000

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

FIRST STEP is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £265,000 in July 2020, which was around 36% below the average July 2020 detached price in the Swale local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

FIRST STEP Sold Prices

Land registry data shows two sales for FIRST STEP 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 FIRST STEP 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
2020 20 JUL	£265,000	£412,934	36% below HPI
1999 5 JUL	£68,500	£116,056	41% below HPI

FIRST STEP 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 FIRST STEP sales from July 1999 and July 2020 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 1999 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2020 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is FIRST STEP?

FIRST STEP is 70m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses in Minster, based on EPC data. The below chart shows the distribution of detached houses by size in Minster, and where FIRST STEP lies on this distribution: 9% of detached houses are smaller than FIRST STEP, and 91% of houses are larger. Note that EPC data is not available for all properties in Minster.

FIRST STEP: Plot and Title Map

FIRST STEP sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of FIRST STEP, 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 FIRST STEP). 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 FIRST STEP?

FIRST STEP is located on IMPERIAL AVENUE in MINSTER ON SEA, in the ME12 postcode district. The below map shows the position of FIRST STEP on IMPERIAL AVENUE.