MAGNOLIA, SCARBOROUGH DRIVE, MINSTER ON SEA, SHEERNESS, ME12 2LX - £268,000

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

MAGNOLIA is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £268,000 in May 2015, which was around 11% below the average May 2015 detached price in the Swale local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

MAGNOLIA Sold Prices

Land registry data shows two sales for MAGNOLIA 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 MAGNOLIA 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
2015 8 MAY	£268,000	£301,357	11% below HPI
2007 2 MAY	£220,000	£260,436	16% below HPI

MAGNOLIA 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 MAGNOLIA sales from May 2007 and May 2015 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 May 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2015 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is MAGNOLIA?

MAGNOLIA is 68m² according to the EPC inspection conducted in July 2014. 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 MAGNOLIA lies on this distribution: 7% of detached houses are smaller than MAGNOLIA, and 92% of houses are larger. Note that EPC data is not available for all properties in Minster.

MAGNOLIA: Plot and Title Map

MAGNOLIA sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of MAGNOLIA, 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 MAGNOLIA). 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 MAGNOLIA?

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